Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex The British Pound [...]
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Industrial production in the UK fell by 1.1%
Statistics from the UK continues to disappoint investors. So, today was published important data on industrial production the volume of which fell by 1.1% in December against an expected decline of just 0.1%. The volume of production in the manufacturing industry decreased by 0.2%. Analysts do not predict changes. The fall in the oil and gas sector continues to have a negative impact on macroeconomic statistics in the country. We forecast a drop in the price of the British pound in the medium term with a target at 1.4000.
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Wednesday, 10 Feb, 2016 / 3:04
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