The UK government looks close to abandoning its Brexit talks with the opposition Labour Party; a development that could weaken Sterling further.
The Q119 UK GDP report is due on Friday, May 10 at 08:30 GMT; consensus forecasts foresee a rebound in both quarterly and yearly growth rates.
The US Dollar put in a dip followed by a rip around yesterday's FOMC rate decision, and the big question at this point is whether US stocks may be near a turn.
The US Dollar broke above the triangle formation this week, but next week's economic calendar is loaded with risk items, including FOMC: Time to make or break.
US Dollar strength is rolling through markets today, pushing the DXY Index to the highs seen in November and December 2018 and March 2019.
Brexit is out of the headlines for now. All of that will change next week.
The March UK Consumer Price Index is due on Wednesday, April 17 at 08:30 GMT.
Consensus forecasts expected UK industrial and manufacturing production to have contracted in February, and for GDP to come in flat.
Sterling remains in tight trading ranges as Brexit negotiations continue. While the outcome of the EU/UK talks remains key, Sterling charts continue to have a positive bias.
A wild month of March has seen GBPUSD build into an approximate 400-pip range following a generally strong outing in January and February. Can bulls continue to drive?
Brexit will back on the agenda in Parliament later today when MPs vote on a set of indicative Brexit options again, with a customs union vote gaining traction.
The British Pound is challenging the bounds of its 2019 uptrend against the US Dollar before yet another round of indicative Brexit votes in the UK Parliament.
UK PM Theresa Mays EU-UK Withdrawal Agreement has been defeated again, this time by a margin of 286 votes in favor to 344 against.
UK PM Theresa May lost control of the Brexit process last night as MPs voted to put forward indicative votes to Parliament on Wednesday.
UK PM Theresa May is coming under increased pressure to step down as leader of the Conservative Party as Parliament looks at other Brexit options to try and break the current stalemate.
The anti-risk Yen and US Dollar may be vulnerable as sentiment firms across financial markets. GBP/USD technical positioning hints a top may be taking shape.
The British Pound is starting to look technically overbought at current levels, but the fundamental background is mildly positive for GBP.
The British Pound continues to drift lower ahead of a pivotal Brexit week for UK PM May. Support may be tested all the way down
The British Pound remains rangebound as Brexit talks continue but Sterlings implied volatility highlights price risks for the week ahead.
Sterling opens the week with a small boost on news that this weeks vote has been delayed and talk that Brexit may delayed for another