GBP/USD Forecast: aiming to challenge 1.5000 again

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair trades lower this Wednesday, with the pair plunging to a fresh daily low of 1.5029 after the release of the UK Construction PMI, down to 55.3 in November against previous 58.8 and expectations of 58.2. The negative surprise adds to recent concerns over the slowing pace of economic growth in the UK, which will ultimate result in a delay in a rate hike. Later today, the US will release the ADP private survey, and some minor employment figures for November, which will be quite

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