A disappointment from the UK: the volume of retail sales fell 0.3% in September, contrary to expectations for a smaller slide. Year over year, a rise of 2.7% was reported, lower than 2.9% expected. In addition, the BBA mortgage approvals number fell below 40K, below expectations. GBP/USD is losing 1.60 but not going very far. The volume of retail sales was expected to slide by 0.1% in the UK in September after a rise of 0.4% in August (before revisions). GBP/USD traded around 1.6030 towards the publication, staying in the low range. Yesterday, the pound was hit hard by some concerns expressed by the members of the Monetary Policy Committee. Carney and co. are worried about the euro-zone and its impact on the UK. 1.60 serves as support, followed by 1.5910. Resistance awaits at 1.6075, followed by 1.6150. For more, see the GBPUSD forecast. The big event of the week is tomorrow’s first release of GDP growth for the third quarter of 2014. A quarterly growth rate of 0.7% is expected – slower than 0.9% in Q2. More: GBP in damage control mode 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 EUR/USD, GBP/USD, USD/JPY Technical Lines – October 23 John Benjamin 7 years A disappointment from the UK: the volume of retail sales fell 0.3% in September, contrary to expectations for a smaller slide. Year over year, a rise of 2.7% was reported, lower than 2.9% expected. In addition, the BBA mortgage approvals number fell below 40K, below expectations. GBP/USD is losing 1.60 but not going very far. The volume of retail sales was expected to slide by 0.1% in the UK in September after a rise of 0.4% in August (before revisions). GBP/USD traded around 1.6030 towards the publication, staying in the low range. Yesterday, the pound was hit hard by some… Top 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.
