Weaker recoveries were seen in both the UK manufacturing and service sectors, with the latter recording the greatest loss of momentum since July.
Another chance to trade GBP/USD
2019-11-11 • Updated
The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10. The GBP is going to trade lively versus the USD, the EUR, and other currencies. The last time this indicator came out on September 10. That time it turned out that British economic growth had accelerated more than expected (GDP rose by 0.3% in July versus the forecast of 0.2% increase). GBP/USD made a big leap up on the news. This time traders may get another exciting opportunity to profit on trading the GBP.
• If GDP growth exceeds forecast, the GBP will gain.
• If GDP growth disappoints, the GBP will fall.
What will happen? The Bank of England will present a monetary policy statement on Thursday, August 4 at 14:00 MT (GMT+3)…
The British pound has advanced in the first half of the year, especially against the euro. Will this trend sustain in the second part of 2021?
Intraday and swing scenarios based on price action and volume profile.
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