Will the pound, which has been on a downward trend, rebound following the release of economic indicators?

Will the pound, which has been on a downward trend, rebound following the release of economic indicators?

12.08.2022

The U.S. dollar weakened against the euro yesterday, with the EUR/USD pair rising by about 90 pips from 1.0274 to 1.0364.Yesterday’s U.S. initial jobless claims came in at 262,000, compared to the market forecast of 263,000, and had little impact on the market. Also released yesterday, the U.S. Producer Price Index (PPI) came in at 9.8% year-over-year, falling short of both market expectations and the previous reading.

European currencies saw the GBP/USD pair decline as the pound weakened, falling from 1.2248 to 1.2162. However, looking at longer-term charts (4-hour and above), the market is currently in a corrective phase within an overall uptrend, so we need to carefully assess whether the pound will regain strength during today’s European and U.S. trading sessions.

Today, at 15:00 Asia time, UK Q2 GDP, UK industrial production, UK manufacturing output, and UK trade balance will be released; at 15:45, the French CPI will be released; and during European trading hours, at 16:00, Turkish industrial production will be released, followed by EurozoneIndustrial Production, at 21:30 US time: US Import Price Index, and at 23:00: US University of Michigan Consumer Sentiment Index, as well as remarks by Barkin, President of the Richmond Fed. We will closely monitor whether the pound, which fell yesterday, will fluctuate and show signs of recovery following today’s economic releases.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?