After consolidating for almost all pairs as the European trading session, GBP falls during the U.S. trading session, in fact, this pair down to 1.5800.
According to numerous news reports, risk aversion was Caused by renewed concerns of slowing global growth. In the U.S., the unemployment claims, the Core PCE Price Index, and the Personal Spending were all worse than expected.
In the U.K., the data was more positive. The Net Lending to Individuals came in line with forecasts at 900 million USD, opposite the -100 million USD seen the previous month. Mortgage Approvals were also as expected at 47.000.
To this day, the Nationwide HPI to be released and expected to show 0.1%. Usually it has less effect on the market price peregerakan, but we must remain vigilant, if ever was indeed influential.
0 comment(s):
Post a Comment