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Emerging Market Sell-Off, GBP Slides Further

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 5, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Emerging market currencies suffered a substantial sell-off yesterday as market participants were less prone to load on more risk. The sell-off in the Brazilian real was also strengthen by the weak industrial output. Industrial production missed widely consensus as it contracted 5.2%y/y in August (versus -4.8% expected) after shrinking 6.4%[​IMG]

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