GBPINR : Fundamental View : 16.12.2019
* GBP increased against USD by 2.49 percent last week while GBPINR depreciated by 1.59 percent.
* The current UK election has been won by the Conservative party with a big majority and Boris Johnson is likely to remain as the UK PM. Meanwhile, GDP data from UK came in at 0 percent against market expectations of 0.1 percent. Manufacturing production data from UK came in at 0.2 percent for Nov’19 against market expectations of 0.1 percent.
* GBPINR is expected to move sideways in today’s session.
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* The current UK election has been won by the Conservative party with a big majority and Boris Johnson is likely to remain as the UK PM. Meanwhile, GDP data from UK came in at 0 percent against market expectations of 0.1 percent. Manufacturing production data from UK came in at 0.2 percent for Nov’19 against market expectations of 0.1 percent.
* GBPINR is expected to move sideways in today’s session.