GBP / USD slides below 1.33 while the American feeling of the consumer becomes negative, stimulates the USD

• The feeling of Uom consumers plunges to 50.8, the lowest since July 2022; The expectations of inflation increase sharply.
• Mixed American housing data, import prices increase unexpectedly; Powell, Jefferson warns against premature softening.
• Empty British data allow sterling drifting; Merchants are waiting for the UK key inflation, PMI Flash and retail sales next week.

The pound sterling withdraws against the US dollar during the North American session, ready to finish the week with a minimum of losses of more than 0.24%. On Friday, an economic file absent in the United Kingdom left merchants drifting to American data, which revealed that consumers become pessimistic about the economy. The GBP / USD is negotiated at 1.3276, down 0.39%

GBP / USD Wavers and is about to end the week negatively, despite lamentable American consumption data

Recently, the University of Michigan revealed that the feelings of the feelings of May's consumers had fallen at its lowest level since July 2022, at 50.8, below forecasts for an improvement at 53.8, down compared to April 52.2. The survey also showed that inflation expectations for the following year increased from 6.5% to 7.3% and for the next five years increased from 4.4% to 4.6%.

Other American data have shown that import prices increased unexpectedly in April, due to an increase in the cost of equipment and a lower US dollar. The data on American housing were mixed with the accommodation begin to increase in April, while the construction permits fell to a hollow of almost two years.

The GBP / USD delayed the reaction of American data but derived below 1.33. On Thursday, the president of the Fed, Jerome Powell, revealed that “certain aspects of the approach of the Fed are permanent, such as the accent on the expectations of inflation”.

Until now, American economic data published during the week have shown an evolution of the disinflation process. However, Fed officials remained reluctant to mitigate policies because they remained uncertain about American trade policies, prices and their effects on inflation. The governor of Fed, Jefferson, stressed that a reaggeration of inflation could be temporary or persistent.

On the growth plan, retail sales continued to decelerate in April. However, the latest update of the GDP of the Atlanta FED now suggests that the American economy could grow at a rate of 2.4%, against 2.5% one day, revealed the Fed of Atlanta.

Next week, the British economic dossier will showcase the meeting of the United Kingdom-European Union in parallel with the publication of inflation figures from the United Kingdom, PMI flash and retail sales. In the United States, a wave of Fed speakers, flash PMIs and housing data will be watched.

GBP / USD Table Price: Technical Outlook

The GBP / USD fell below 1.33, and it could close the week under the latter. This could open the way to a decline, although sellers must erase the lowest daily newspaper of May 15 of 1.3248, so that they can challenge the simple 50 -day mobile average (SMA) to 1,3112. On a new weakness, the next support would be the 1.3000 bar.

Conversely, if GBP / USD ends above 1.33, buyers could test 1,3350. A clear rupture of this level could exhibit the peak of the year at an appointment (YTD) at 1.3443.