GBP/USD TECHNICAL OUTLOOK : 18.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2020 made a low of 1.2016, and could not sustain the lower levels after the gap down opening a day before the pair has respected the supports of 1.20 and reversed this signifies demand and aggressiveness of bulls so any dips shall be utilized to buy the pair.
Fundamental Overview
British pound is trading at 1.2047 after being knocked down by weekend reports that UK PM May will declare in a speech on Tuesday that the UK will go for a clean break from the EU, leaving both the single market and customs union. this has been declared by the government as speculation but if she announces an exit, focus would shift to the negotiations.As of now it all depends on what she says.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Average Earnings Index +Bonus (Nov) 2.60% 2.50%
15:00 GBP Claimant Count Change (Dec) 5.0K 2.4K
15:00 GBP Unemployment Rate (Nov) 4.80% 4.80%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
British pound is trading at 1.2047 after being knocked down by weekend reports that UK PM May will declare in a speech on Tuesday that the UK will go for a clean break from the EU, leaving both the single market and customs union. this has been declared by the government as speculation but if she announces an exit, focus would shift to the negotiations.As of now it all depends on what she says.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP Average Earnings Index +Bonus (Nov) 2.60% 2.50%
15:00 GBP Claimant Count Change (Dec) 5.0K 2.4K
15:00 GBP Unemployment Rate (Nov) 4.80% 4.80%