GBPINR : Fundamental View : 05.12.2019
* GBP increased against USD by 0.85 percent yesterday while GBPINR depreciated by 0.49 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. Construction PMI from UK came in at 45.3 for Nov’19 against market expectations of 44.5. Services PMI from UK came in at 49.3 against market expectations
of 48.6 for Nov’19.
* GBPINR is expected to move sideways in today’s session.
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* 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. Construction PMI from UK came in at 45.3 for Nov’19 against market expectations of 44.5. Services PMI from UK came in at 49.3 against market expectations
of 48.6 for Nov’19.
* GBPINR is expected to move sideways in today’s session.