GBP/USD: on firmed grounds - Scotiabank

Ross J Burland FXStreet

Analysts at Scotiabank explained that GBPUSD is firmer on the back of last week's closing data.

Key Quotes:

"UK industrial production data reflected better overall output and manufacturing trends but disappointing construction data for Sep (bottom chart). UK trade data reflected a narrower deficit for the Sep month after very weak numbers in Aug.

Brexit talks will not lead to a deal in the short run, the EU’s negotiator said earlier; but a deal by Dec remains the objective. Positive headlines today do not remove either of the near-term political risks around a weakened prime minister or the longer run economic threats posed by Brexit."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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