Forex7 Posted January 28, 2013 Report Share Posted January 28, 2013 (Vibiznews-FX) – Sterling currency at today’s trading (28/01, 03.21 GMT) shows an unfavorable movement against US Dollar. The currency opened at 1.5772 in early trading (00:00 GMT), and slipped -15 pips or about -0.10 % at 1.5757. Hometrack Ltd. reported that U.K. house prices stagnated in January and the number of new buyers looking for homes fell. Home prices in England and Wales were unchanged from December, after declining for the previous six months, it said. The number of new buyers registering with agents fell - 9.9 % from December, while the number of properties listed for sale fell - 6.8%. A lack of houses and apartments on the supply side has supported prices, offsetting the fall in demand. Data last week showed UK’s economy contracted more than forecast in the final quarter of 2012, raising prospects of the first triple-dip recession in its history. Vibiz Consulting Analyst said the economic outlook and the impact of austerity, weighed heavily on demand and kept Sterling under general downward pressure. The GBP/USD normal range of movement is estimated to have the support level at 1.574 and resistance level at 1.5816. Quote Link to comment Share on other sites More sharing options...
Guest mahdka Posted December 31, 2013 Report Share Posted December 31, 2013 Nice job!!. Quote Link to comment Share on other sites More sharing options...
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