wrapper

GBP/USD Daily Forecast – 27 November

Saturday, Nov 25 2017
GBP/USD Daily Forecast – 27 November

There were no major data releases from the UK on Friday. The European Union handed Prime Minister Theresa May a 10-day “absolute deadline” to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit. Without a deal next month, time will be very tight to agree arrangements before Britain leaves the EU in March 2019, adding to pressure on businesses to avoid potential losses and move investments. “We need to see progress from UK within 10 days on all issues, including on Ireland,” European Council President Donald Tusk tweeted after meeting May in Brussels for one hour following an EU summit.

In the US session Manufacturing PMI data was published. November data pointed to another solid increase in U.S. private sector output, supported by sustained growth in both manufacturing and services activity. At 54.6, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was above the 50.0 no-change threshold, but eased from 55.2 in October. As a result, the latest reading signalled the slowest expansion of private sector output since July. Despite a softer upturn in business activity, survey respondents indicated a robust and accelerated rise in new order volumes during November.

 

There will be no major data releases from the UK on Monday. In the US session New Home Sales figures will be published. Analysts anticipate decline to 627,000.

 

Figures to watch:

 

New Home Sales (Monday 16:00)

More in this category: « AUD/USD Daily Forecast – 27 November EUR/USD Daily Forecast – 27 November »

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.