The pound was slightly lower against the dollar on Monday after data showing that activity in the U.K. manufacturing sector ticked higher last month but remained relatively subdued. Research group Markit said its U.K. manufacturing purchasing managers’ index ticked up to 51.9 last month from 51.4 in June, which was the lowest level in over two years. Economists had expected a reading of 51.6. GBP/USD eased 0.04% to 1.5620 following the report from around 1.5618 earlier. The rate of growth in new orders slowed to a ten-month low Market said, as solid demand from the domestic market contrasted with a further decrease in new export business.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5640 TARGET 1.5660 1.5690 SL 1.5610
SELL GBP/USD BELOW 1.5570 TARGET 1.5550 1.5520 SL 1.5600
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment