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Hello Friends,
If we look at today's economic data we will see there is growth in United Kingdom's manufacturing production, it is at 2.7 as well as in Industrial production also rose to 2.5 higher than previous 1.8, trade deficit also decreased so overall quite positive developments for United Kingdom. On the other side we will see there is drop in United States University of Michigan sentiment decreased and it is below expectations and it is at 97.8 .so we have seen GBP/USD has seen nearly 100 pips growth from today's low.
I will keep a look on GBP/USD and will try to buy if I get it on lower levels.
If we look at today's economic data we will see there is growth in United Kingdom's manufacturing production, it is at 2.7 as well as in Industrial production also rose to 2.5 higher than previous 1.8, trade deficit also decreased so overall quite positive developments for United Kingdom. On the other side we will see there is drop in United States University of Michigan sentiment decreased and it is below expectations and it is at 97.8 .so we have seen GBP/USD has seen nearly 100 pips growth from today's low.
I will keep a look on GBP/USD and will try to buy if I get it on lower levels.
