Monday, December 2, 2019

GBPINR : Fundamental View : 03.12.2019

GBPINR : Fundamental View : 03.12.2019

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* GBP increased against USD by 0.02 percent yesterday while GBPINR appreciated by 0.15 percent.

* Opinion polls suggest a victory for Prime Minister Boris Johnson, the Conservative candidate in this general election but British politics remains unpredictable, and a number of outcomes are possible. Meanwhile, manufacturing PMI from UK came in at 48.9 for Nov’19 against market expectations of 48.3.

* GBPINR is expected to move sideways in today’s session.