Pond Rate Rebound Today 23 Dec 2015


The movement of the pound strengthened since trade Asian session managed to rebound from two days of successive trade weakening,successfully defended against the u.s. dollar by the end of the European session this evening (23/12). Although data United Kingdom third-quarter current account still deficit

United Kingdom Office for national statistics (ONS) announces afternoon last current account data for the third quarter that the deficit but still natural below expectations of a decrease in the deficit from the previous quarter. The data was released showing the deficit period Q3 is still the same with deficits periods of Q2. This sentimenthelped strengthening the pair GBPUSD.

The movement of US dollar index trading this afternoon trying to rally despite the observed negative sentiment that reflects the rate of mixednya economic datatonight. Tonight there are economic data that affects the very strong will exchange rate data is durable goods orders and new home sales data.

The movement of the exchange rate of the pound in the European session (11:15:35 GMT) moving stronger against the US dollar, after opening stronger in early trading at 1.4829 (00.00 GMT), pair GBPUSD rose 52 pips or 0.5% and the value of the scrolling is at 1.4882.

And for the next trade, Yess News  estimated the pair GBPUSD could further rise to resistant 1.4949 level and if not transparent, then the pair levelcan drop to as low as 1.4787.


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