At today’s trading (28/11, 03.10 GMT) the Pound sterling currency falls against US Dollar. The Pound sterling opened at 1.6020 in early trading (00:00 GMT), and slipped -3 pips or about -0.02 % at 1.6017.
The unfavorable expectation against Pound sterling is seems to be rising , before Nationwide Building Society reports a latest data of the change in the selling price of homes with mortgages backed by Nationwide, in November.
Nationwide HPI m/m might decrease slows to 0.2% from previous period of 0.6% growth. The market pulls the currency to moves lower as an early response.
Vibiz Consulting Analyst said normal range of GBP/USD is estimated to have the support level at 1.5993 and resistance level at 1.6052.
Meanwhile the Paris-based thinktank, OECD, said it expected UK national output to shrink by - 0.1% this year, a less gloomy prediction than the -0.7% contraction back in August.
The unfavorable expectation against Pound sterling is seems to be rising , before Nationwide Building Society reports a latest data of the change in the selling price of homes with mortgages backed by Nationwide, in November.
Nationwide HPI m/m might decrease slows to 0.2% from previous period of 0.6% growth. The market pulls the currency to moves lower as an early response.
Vibiz Consulting Analyst said normal range of GBP/USD is estimated to have the support level at 1.5993 and resistance level at 1.6052.
Meanwhile the Paris-based thinktank, OECD, said it expected UK national output to shrink by - 0.1% this year, a less gloomy prediction than the -0.7% contraction back in August.
Trading Competition with The Biggest Prize:
Contact Us : (021) 299 22 996 / Heru : 08876108815
Facebook : Money Trade Show
Twitter : @MoneyTradeShow
Contact Us : (021) 299 22 996 / Heru : 08876108815
Facebook : Money Trade Show
Twitter : @MoneyTradeShow