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More data out this week to chew on after relative quiet

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Last week might not have been one of the best for the pound as we saw it lose substantial value against the dollar. We did, however, see GDP numbers coming in as expected at 0.7%, and PMI data was seen to come in better than expected at 51.5 instead of 51.3, as expected, which ultimately allowed the pound to claw back some of what it has lost. This week, GBP strength will be reliant on what the BoE has to announce in terms of monetary policy later this week. We’ll see both the minutes and

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