GBPUSD | Market outlook

The British pound is showing multidirectional trading dynamics against the US dollar, trying to gain a foothold below the psychological level of 1.3500. The new week on the foreign exchange market starts relatively calm, as the macroeconomic calendar is empty, and Friday's publications from the UK were largely offset by a generally positive report on the US labor market. The British house price index from Halifax in October showed an increase of 0.9% MoM after rising by 1.7% MoM last month, although analysts had expected strengthening only by 0.4% MoM. In annual terms, the index accelerated from the previous +7.4% 3 M/Y/Y to +8.1% 3 M/Y/Y, which turned out to be noticeably better than the market forecasts of +5.9% 3 M/Y/Y. American statistics, in turn, showed the increase in the number of new jobs (531K instead of 425K expected), created outside agriculture in October. We should recall that a month earlier, the growth amounted to 312K.