- Friday, 08 January 2016
- News
UK Trade Balance deficit narrowed to £10.6 billion
- Thursday, 07 January 2016
- Daily Fundamental Analysis
GBP/USD Daily Forecast – 08 January
From the UK, yesterday, house prices data was released. House prices in the three months to December were 1.6% higher than in the previous three months. This was the second successive month that this measure has been below 2.0%, indicating a possible slight softening in the underlying rate of price growth. On a monthly basis house prices rose 1.7%. Analysts were predicting 0.5% increase. There remains, however, a substantial gap between demand and supply with the latest figures showing a further decline in the number of properties available for sale. This situation is unlikely to change significantly in the short-term, resulting in continuing upward pressure on prices. Read more...
- Thursday, 07 January 2016
- Daily Technical Analysis
GBP/USD Daily Forecast – 08 January
Sterling continued its downtrend in the course of the yesterday's session, though there were no major data releases, going all the way to 1.4530 level, where it found some amount of support and managed to rebound by the end of the session touching 1.46 handle. As for tomorrow, we believe that supportive candles around 1.45 handle should offer significant amount of support, while, resistive candles above 1.4660 and 1.47 handle in extension is where we would consider short-term selling. Read more...
- Thursday, 07 January 2016
- News
UK house price 1.6% higher in Q4
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