Outlook for the pair GBP/USD for the week ending April 27th, 2012 is as under:

On Tuesday, in United Kingdom, data on consumer confidence, public finances and net borrowing by public sector was reported while in United States, Case Shiller Home Prices Index was released along with data on consumer confidence, new home sales and manufacturing index by Richmond’s Federal Reserve.

On Wednesday, United States is expected to release several economic indicators which include data on MBA mortgage applications, data on durable goods orders and inventories data for crude oil, gasoline and distillates by US Department of Energy. Moreover, FOMC will release is projections on US economy and Federal Funds rate while US Federal Reserve’s Chairman Ben Bernanke will hold a press conference. United Kingdom will release its official figure on country’s gross domestic product, index of services, CBI business optimism, CBI trends selling prices and CBI trends total orders.

On Thursday, in United States, several reports will be published including weekly data on initial jobless claims, continuing claims, pending home sales, Chicago Federal Reserve’s Nat activity index, Kansas City Federal Reserve’s manufacturing activity and data on natural gas supplies by Energy Information Administration. United Kingdom will report its data on BBA loans for house purchases and CBI reported sales.

On Friday, United States will report its data on employment cost index, gross domestic product, personal consumption expenditure and University of Michigan’s confidence data while in United Kingdom, data on Gfk consumer confidence survey will be published along with official figure on nationwide house prices.