GBP/USD: CBI manufacturing survey soft in January – Scotiabank
Source Fxstreet
The CBI’s January survey of manufacturing was generally morose, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
GBP little changed on the session
“It revealed a small improvement in still weak orders, some improvement in still weak output and a further slide in the quarterly business optimism reading that likely reflects concerns about the government’s fiscal plans and the recent market volatility associated with them. Sterling is holding little changed on the day and over the week so far, however.”
“Cable continues to grind out some gains on the USD on the charts after basing at 1.21 last week but progress is slow towards key resistance (and potential bull trigger) at 1.2415/25—retracement and trend resistance. Support is 1.2325.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin fell sharply last week, testing the short-term defense line at $62,000, with the outcome of US-Iran negotiations becoming a key factor.On August 3, Bitcoin ( BTC) extended its rec
International oil prices plunged during Asian trading hours on Monday. US President Donald Trump announced a suspension of a new round of military action against Iran and plans to restart
US President Donald Trump says Iran talks to begin Monday after canceling attackUS President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
US President Donald Trump said that fresh round of Iran talks would begin Monday after he cancelled a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia, Bloomberg reported on Monday.
As Microsoft ( MSFT) and Google ( GOOGL) sequentially delivered stellar cloud computing report cards, Amazon ( AMZN) also proved with an earnings report that far exceeded expectations tha
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopesWest Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.
Related Instrument
