Trading news

Expert's opinion from FXFinPro

Statistics from the UK disappointed investors

Today in the UK was published important data that disappointed investors, but could not lead to a continuation of the negative dynamics of price of the British pound. Thus, the UK trade deficit in February totaled to 12.0 billion pounds against the forecast of 10.5 billion. At the same time, industrial production in the country unexpectedly fell by 0.3% in February against the forecast of growth by 0.1%. Our medium-term outlook for the British pound is negative due to the risk of the country exiting the European Union after a referendum on this issue, which will be held on 23 June. According to our estimates, in the coming months, the price of the British currency may fall to 1,3500-1,3600.

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

 

Friday, 08 Apr, 2016 / 11:22

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

Source :

Trading news

 

Dollar Retreats Ahead Of Inauguration

The dollar index slid 0.25% lower yesterday as the 45th President exited the [...]

Posted on Wednesday, 20 Jan, 2021 / 1:36 under

Stocks climb, dollar slips as Yellen makes case for more stimulus

  Stocks power higher after Yellen calls for more big spending to [...]

Posted on Wednesday, 20 Jan, 2021 / 10:22 under

Janet Yellen’s Speech Revitalized Risk Appetite – EUR/USD Market Outlook – 20/01/2021

The Euro rises above 1.2130 as expected, after risk-on sentiment weighed on [...]

Posted on Wednesday, 20 Jan, 2021 / 9:15 under