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USD ends the week a forerunner

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The end of last week saw GBP squarely on the defence as UK inflation was downgraded along with growth forecasts, and the BoE had a change of tack in overall sentiment. Predictably, interest rates were kept as they are, and GBP was also seen to hit its lowest level against the US dollar since April this year. With a slowdown in emerging markets, the global inflation outlook was also seen to weaken, too. On the flipside, Manufacturing PMI was seen to increase more than expected – 55.5 as opposed

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