The pound retreated from the round 1.60 area on a weak current account figure. The deficit was almost double the early expectations, and hit 9.4 billion. A deficit of 5 billion pounds was predicted. Also the deficit for Q4 was revised to the downside, from 10.5 to 13 billion. British GDP came out at as expected at a growth rate of 0.5% in Q1. This was the second and last revision, so no big surprises were expected here. Later we have hearings in parliament. Mervyn King will take the stage. Given the past, he is likely to hurt the pound by painting a bleak picture… 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 Bits share Read Next EUR/USD June 28 – Losing Some Gains As Tension Mounts Yohay Elam 12 years The pound retreated from the round 1.60 area on a weak current account figure. The deficit was almost double the early expectations, and hit 9.4 billion. A deficit of 5 billion pounds was predicted. Also the deficit for Q4 was revised to the downside, from 10.5 to 13 billion. British GDP came out at as expected at a growth rate of 0.5% in Q1. This was the second and last revision, so no big surprises were expected here. Later we have hearings in parliament. Mervyn King will take the stage. Given the past, he is likely to hurt the pound… 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.
