Global macro overview for 15/12/2015:
he UK inflation data has been released this morning widely disappointing the market. The consumer price index edged higher to the level of 0.1% versus 0.0% a month ago, but the produce index components were all worse than expected. The PPI input lowered to -1.6% versus -1.0% a month ago, and the PPI output came in at -0.2% versus 0.0% a month ago. The inflation then appears to stubbornly stay at lower levels and the BoE targeted level of 2% seems to be far away.
The GBP/USD pair is training inside a tight range ahead of the major market news release from the US on Wednesday. The support level is seen at 1.5107 and resistance is seen at the level of 1.5198.
For detail explanation and best discovery on daily market trends and news you may visit via Global macro overview for 15/12/2015 . Thanks for your support.
No comments:
Post a Comment