Trading news

Expert's opinion from FXFinPro

Retail sales in the UK showed strong growth

Statistics on retail sales in the UK has pleased investors. Thus, the growth in November was 1.7%, against a decline of 0.5% in October. The market average forecast of growth was at 0.6%. It is worth noting that the UK balance of production orders also improved to -7, which is 4 better, but still points to a weakness in the sector. Strong retail sales and unemployment in the country will support the British pound in the near future despite the pressure from a stronger US dollar, but we maintain a medium-term negative outlook with the downside potential to 1.46.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Thursday, 17 Dec, 2015 / 1:31

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

Perfect Time to Invest In FAANG Stocks

What happened? Apple, Microsoft, and Google reported their financial results [...]

Posted on Wednesday, 28 Jul, 2021 / 12:31 under

US Q2 GDP: Where Is The Economy Heading?

Tomorrow there is a host of key data coming out ahead of the US session, which [...]

Posted on Wednesday, 28 Jul, 2021 / 12:12 under

APPLE CRUMBLES DESPITE CRUSHING MARKET EXPECTATIONS

Apple’s latest results were driven by stronger-than-expected iPhone [...]

Posted on Wednesday, 28 Jul, 2021 / 10:42 under