wrapper

UK Housing Equity Withdrawals increased in Q3

Thursday, Dec 31 2015
From the UK this morning only quarterly Housing Equity Withdrawals data was released. Report showed decrease to minus 8.8 billion pounds, while analysts were anticipating figure of minus 10.5 billion pounds. With growth slowing and the potential for a referendum on Britain’s future in the European Union as soon as June, options traders are the most bearish on the pound in more than six months. 
 
The currency has undershot analysts’ forecasts by the most since 2010 this year, while predictions for the end of 2016 haven’t been lower since the week of the general election in May. Heading into the final trading session of the year, volumes are expected to remain light as many traders already closed books, reducing liquidity in the market which could result in exaggerated moves.
 
Sterling is currently being traded around 1.4830 handle. Pair is likely to find support around 1.48 handle and resistance above 1.4850 level. Later today, in the US session, Unemployment Claims and Chicago PMI figures are scheduled for a release.
More in this category: « Australian Private Sector Credit report showed 0.4% rise Unemployment Claims rose to 287,000 »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.