Tuesday, 9 October 2012

Gbp preview

Today's important thing to note on Gbp is the manufacturing production number and the trade balance number coming out in 1 and a half hours time.

Manufacturing production is expected to show a decline of 0.6%.

Trade balance is expected to show -8.3bio.

Gbp have been under pressure since Friday. It has dropped about 200 pops since Friday. The first support will be T 1.6000 psychology level.

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