Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Pound is rising a bit. Overview for 30.09.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back

The Pound is rising a bit. Overview for 30.09.2016

At the end of the week, the GBP/USD pair is growing slowly, the Pound is being supported by the statistics.

On Friday, the British Pound is gaining weight a little bit. The current quote for the instrument is 1.2974. This week’s low was at 1.2914.

According to the statistics published today, the consumer confidence in the UK improved up to -1 points after -7 points in August, although the predicted number was -5 points. Today’s report showed the most significant monthly growth over the last year.

Consumers’ opinions are used for calculating the indicator components. It appears that there are no signs of stress in the British economy, except for the comments from monetary politicians and external reactions.

Probably, right now all mechanisms launched earlier are operating secretly: the labor market remains stable and creates new jobs, salaries grow faster that retail prices. As a result, all this  improves consumers’ sentiments.

However, we should note that there is no direct influence of the Brexit topic here, but it doesn’t mean that it won’t appear in the future.
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.


Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.