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GBP/USD Forecast: poor UK data keeps hitting the Pound

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBP/USD pair is shedding some ground this Wednesday, and trades at fresh daily lows around 1.3920, now weighed by poor UK data. According to the latest release, the Construction PMI of the kingdom hit a 10-month low in February of 54.2. Expectations were of an up-tick to 55.5, but the reading came in to show growth momentum continues diminishing in the UK. Later on this Wednesday, the US will release its ADP survey, the New York ISM manufacturing index and the Beige Book, with the

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