During Asia session; US dollar stalled its recovery mode and consolidated yesterday’s sharp-sell-off.

Brexit minister David Davis said in a statement late-Thursday, via Reuters, the UK government would use legislation to fix the time and date of the country’s exit from the EU’s membership.

Today, UK manufacturing and industrial production data will be released. The UK data is expected to have a major impact on the GBP markets, as it’s the first significant macro release for this week. Meanwhile, we can see the slowing volumes and irregular volatility as the US traders will be away on an extended weekend, in observance of Veterans Day.

READ MORE

GBPUSD-DAILY-CHART-4

Source: http://www.fxters.com/gbpusd-technical-analysis-forecast-november-10th/

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.