Analysts at Scotiabnk explained that the UK data reports were mixed. Key quotes: “UK data reports were mixed earlier; house prices remained soft in May, according to the “Nationwide” house price index (-0.2% M/M) while consumer credit demand remained strong.” “The Gfk consumer confidence reading strengthened modestly (-7) while the Lloyds Business Barometer also perked up in May (35). Gfk noted, however, that respondent remain “resolutely downbeat on the state of the UK economy”, with Brexit uncertainty a likely culprit.” “A high close on the week will help relieve some of the recent pressure on the GBP but the broader trend in the market remains soft and the GBP is prone to weakness while the market remains below 1.3715, we feel.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY Technical Analysis: 109.00 handle line-in-the-sand for further gains FX Street 5 years Analysts at Scotiabnk explained that the UK data reports were mixed. Key quotes: "UK data reports were mixed earlier; house prices remained soft in May, according to the "Nationwide" house price index (-0.2% M/M) while consumer credit demand remained strong." "The Gfk consumer confidence reading strengthened modestly (-7) while the Lloyds Business Barometer also perked up in May (35). Gfk noted, however, that respondent remain "resolutely downbeat on the state of the UK economy", with Brexit uncertainty a likely culprit." "A high close on the week will help relieve some of the recent pressure on the GBP but the broader… 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.
