Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
The British pound may rise on the important releases
The levels of GDP growth and manufacturing production for Great Britain will be published on February 11 at 11:30 MT time. Last time the economic growth of the country outperformed the expectations and rose by 0.2%. As for the level of manufacturing production, it declined by 0.3% in the previous month. The main risks for the economy of the country and the British pound are connected with Brexit. That is why higher-than-expected indicators may help the GBP to get positive momentum.
• If the indicators are higher than the expectation, the GBP will rise;
• If the indicators are lower than the expectation, the GBP will fall.
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Bullish optimism in the market continues
Did you expect your trading day to be as bullish as today?
Market updates on October 11
Brexit optimism is driving the pound higher and the second day of trade talks is on the agenda.
Latest news
Brexit deal is close? GBP/USD has risen by more than 140 pips!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
Market updates on October 15
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!
Will the indicators bring chance to the USD bulls?
The United States will publish the indicators of retail sales and core retail sales on October 16, at 15:30 MT time.
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