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UK steel industry a cause for concern

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Without there being any data of note from the UK yesterday, GBP took direction from elsewhere – we saw the pound reverse losses against euro to hit a two week high (1.3691 IB), while against the dollar the pound remained largely flat. One thing to note in the UK is the possible demise of Britain’s steel industry, something that has been brought about by China’s stock dumping and the drop in global steel prices. This has a huge implications for the UK’s (and Europe’s) steel industries, with

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