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GBPUSD suffers a steep fall

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 14, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The GBPUSD suffered a heavy fall and hit a weekly low narrowly above 1.52 after the latest round of UK inflation data confirmed to traders that persistent inflation weakness will continue to delay any possibility of a UK interest rate rise. The disappointing return to deflation territory will threaten investor appetite towards the Pound for some time and will strongly weaken any possibility of the currency continuing to gain against the Dollar. While the UK economy might remain desirable from

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