The GBP/USD price moved sideways after the relatively strong American jobs data and the impact of the ongoing crisis in Ukraine.
The Office of National Statistics will publish the latest GDP numbers from the UK. Based on the initial two estimates, analysts expect that the UK economy had a strong Q4 even as the Boris Johnson administration implemented new lockdowns because of the Omicron variant.
The other key data to watch will be the house price index estimate by Nationwide Society. Economists expect the data to reveal that home prices held steady in March as supply continued being limited. Precisely, they expect these numbers to reveal that the HPI increased by 0.8% on a MoM basis and by 13.5% on a YoY basis.
The GBP/USD will also react to the latest economic data from the United States. The Bureau of Labor Statistics is expected to publish weaker initial jobless claims numbers.
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