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Thread: UK Fundamentals

  1. #1
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    UK Fundamentals

    UK is the major Financial centre which has its regional trading hub in the city of London. The main currency is the GBP = Great Britain Pound which is paired with other leading currencies of the world.

    Here we will discuss the Fundamentals of the UK. :good:

  2. #2
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    Re: UK Fundamentals

    UK MPC Meeting minutes voting result today are 0 0 9. Its mean 0 member want interest rate hike 0 member want to decrease interest rate and 9 member are agree to hold UK interest rate.
    Public Sector Net Borrowing net borrowing are increase significanly to 12.8 B

  3. #3
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    Re: UK Fundamentals

    @hoki i must say that political event also showing some huge impact on the particular currency, so its good to watch the news before entering or opening as you have described that some political event have showed a great impact.
    DOING HARD WORK IS NOT THE KEY TO GET THE SUCCESS , YOU HAVE TO BECOME A SMART HARD WORKER TO GET THE WHOLE SUCCESS.

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    Re: UK Fundamentals

    GBP / USD closed at 1.5865 - Windsor Brokers
    Friday, April 06, 2012, 08:34 GMT | FXstreet.com

    FXstreet.com (Barcelona) - 1.5865 resistance level to be viewed as short-term corrective phase from 1.5804 yesterday. Windsor Brokers analysts do not expect the recovery to date since GBP / USD is limited by the 200-day ma at 1.5844.

    "Copies of the strong here and strong lift over the next barrier at 1.5900, yesterday high / 38.2% fib of 1.6061 / 1.5804 is needed to reduce the pressure bears, if not, lower peak and a new leg lower be the initial target 1.5800, followed by 1.5770 zone, 61.8% fib of 1.5600 / 1.6061 / 1.5745 low and the March 22, the highest mid-March, "wrote analyst Slobodan Drvenica.

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    Re: UK Fundamentals

    British Industrial Output Up in February

    LONDON (Reuters). British industrial output rose 0.4 percent in February from January, official data quoted on Friday (6/4). While industrial production fell by 2.3 percent in February on a diving 12-month comparison, said the Office for National Statistics (ONS) said in a statement.
    Market estimated to increase monthly, is less than 0.2 percent and for a greater annual decline of 2.4 percent, according to analysts surveyed by Dow Jones Newswires.

    Manufacturing output, which excludes mining and quarrying, and electricity, gas and water supply, fell 1.0 percent in February from January and by 1.4 percent on an annual basis, the ONS added.

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    Re: UK Fundamentals

    gbpusd and eurusd have nearly positive correlation and hence they move in almost same direction. so while trading gbp pair we should take note of euro movements too .

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    Re: UK Fundamentals

    Uk is a major economy of the entire Euro zone and it is also one of the leading economies of the world.Also it is the leading country of the entire Euro zone with good trade and policies and is the backbone of Europe. Although their are crisis going in Euro zone right now but UK seems to be fine for now .

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    Re: UK Fundamentals

    BOE Warns Thats Another QE Could Harm Recovery -
    Today's UK Telegraph reported that the head of the Debt Management Office (DMO) has warned that the scale of the Bank of England QE could distort the market price of gold in the UK and further efforts to push the cost of government borrowing.

    Data from the UK dirlis mixed on lately, but hope the BOE QE increases after weak UK IP data on Thursday.

    GBP / USD traded up to 1.5898 in early Asia when the light stops triggered slightly above 1.5895, but the power couple has sent USD back below 1.5865. EUR / GBP down slightly from Friday's close at 0.8243 U.S..

    Support for GBP / USD is found in the 200-day MA at around 1.5845 - while major support is found at 1.5805/15 - where last week's "low and 55-DMA was found. Resistance was found in 38.2 Fibo of the 1.6063/1.5805 move at 1.5903. GBP / USD traded 1.5856/61.

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    Re: UK Fundamentals

    GBP was up to a 2-week high versus the EUR and trimmed its losses against the USD after PMI data showed services activity was higher than expected which increased optimism over the UK's economic recovery.

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    Re: UK Fundamentals

    The GBP was invigorated in the morning by the British real estate specialists, noting that the national housing costs had been last month their smallest decline since June 2010.

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