The decline in the volume of the UK industrial production shattered the pound

January 13, 2016

Sell on a level breakthrough of 1.4352 with 1.4223 target. Stop loss = 1.4402.

Reason for the trading strategy

In November, the volume of the UK industrial production decreased by 0.7% (m/m), with a forecast of 0% (m/m). The manufacturing output was also smaller than the forecast, having decreased by 0.4% (m/m). The unfavorable macroeconomic statistics reduces the likelihood of an imminent tightening of the interest rate policy in this country.

Publication source
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February 20, 2017
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