- Tuesday, 12 January 2016
- News
UK Industrial Production decreased by 0.7%
- Monday, 11 January 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 12 January
There were no data releases from the UK yesterday. Sterling is everyone’s favorite currency to sell at the moment,” said Neil Mellor, a senior foreign- exchange strategist at Bank of New York Mellon as FxEmpire reports. “You have economic news veering on the more negative side, then you have Osborne talking about all the various shocks the UK faces and the Brexit debate.“ Read more...
- Monday, 11 January 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 12 January
Sterling initially rebounded in the course of the session on Monday, but found area above 1.46 handle to be to resistive at the moment, with pair pulling back by the end of the session which is of course a bearish sign. Main market mover tomorrow will be UK Industrial Production figures. Weaker than expected figures would cause decline all the way to 1.45 handle and perhaps even below it, though this is a major supportive point at the moment, while better than forecasted data would bring once again rebound to the pair but with resistances at 1.46 and 1.4630 level. Read more...
- Monday, 11 January 2016
- News
Sterling - favorite currency to sell at the moment
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