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Dear traders,
The GBP/USD pair posted a lower low and a lower high for a fourth consecutive day, but bounced from 1.3457, to end the day with gains around 1.3550. The Pound has been quite vulnerable ever since the week started, despite reporting on Wednesday that manufacturing output expanded at its fastest rate since early 2008, as a new round of Brexit talks looms. Fears that things will get tougher from now on, and that the effects of Brexit will hit hard the UK economy, dented demand for Sterling. The UK macroeconomic calendar had nothing to offer this Thursday and will remain empty for the rest of the week.
Good trading!
The GBP/USD pair posted a lower low and a lower high for a fourth consecutive day, but bounced from 1.3457, to end the day with gains around 1.3550. The Pound has been quite vulnerable ever since the week started, despite reporting on Wednesday that manufacturing output expanded at its fastest rate since early 2008, as a new round of Brexit talks looms. Fears that things will get tougher from now on, and that the effects of Brexit will hit hard the UK economy, dented demand for Sterling. The UK macroeconomic calendar had nothing to offer this Thursday and will remain empty for the rest of the week.
Good trading!
