Tuesday, 26 January 2010
Prelim GDP looks positive for GBP:
The U.K. economy resumed growth by less than economists forecast in the fourth quarter as service industries and manufacturing expanded enough to pull Britain out of its longest recession on record. The data was published today at 9:30 a.m. GMT. There have been recent recovery signs - last week UK unemployment fell for the first time in 18 months. Despite the fact that the GDP indicates some kind of recovery the present trend of GBP/USD is testing strong sell. Current price is 1.6112.
Posted by
Dobrin Stoimenov
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