Manufacturing production rose by only 0.1%, weaker than 0.3% that was expected. In addition, last month’s drop was revised down from -1.1% to -1.2%. The UK also reported a drop of 1.7% in industrial production, nearly 3 times the expectations for a slide of 0.6%, and even more than last month’s drop of 0.5%. GBP/USD remains denied of the 1.60 level. Cable now trades at 1.5974. It already got closer to 1.60 earlier in the day, but couldn’t hold up. It fell to 1.5962 but now recovers. The Bank of England is expected to leave policy unchanged this week, but an expansion of the QE program cannot be ruled out. As aforementioned, there is a growing notion that the impressive GDP growth of 1% in Q3 was a one time event and doesn’t represent a new course for the British economy, as the whole world is in a slowdown. For more on the pound, see the GBPUSD forecast. The elections in the US are the next big event: see how to trade the elections with EUR/USD. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next FXCM Partners with Spain’s GVC Gaesco Yohay Elam 10 years Manufacturing production rose by only 0.1%, weaker than 0.3% that was expected. In addition, last month's drop was revised down from -1.1% to -1.2%. The UK also reported a drop of 1.7% in industrial production, nearly 3 times the expectations for a slide of 0.6%, and even more than last month's drop of 0.5%. GBP/USD remains denied of the 1.60 level. Cable now trades at 1.5974. It already got closer to 1.60 earlier in the day, but couldn't hold up. It fell to 1.5962 but now recovers. The Bank of England is expected to leave policy unchanged this week, but… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
