GBP/USD Forecast: tepid recovery, still bearish

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound started the year holding to its weak tone, and extending its decline against the greenback down to 1.4691, its lowest since April 2015. The pair however, managed to bounce towards positive territory, but below the 1.4800 level. Data coming from the UK shows that the December, Markit manufacturing PMI fell below previous and expected, printing 51.9, while mortgage approvals rose in November to 70.41K. The US will release its own manufacturing PMI numbers later today,

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