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GBP/USD Forecast: Eyes UK industrial production, increased risk of bullish move

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The GBP/USD pair fell to an intraday low of 1.5045, before ending the day on a weak note at 1.5054. The economic calendar in the UK and US was empty and hence pair was the mercy of the overall demand for the US dollars, which spiked in Europe as traders priced-in an increased possibility of the Fed liftoff following Friday’s upbeat NFP report. Awaits UK industrial and manufacturing production data UK industrial and manufacturing output numbers is scheduled for release today at 09.30GMT. Both,

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