InstaForex - Analytics

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    Global macro overview for 10/11/2015

    Global macro overview for 10/11/2015:

    The UK data on the BRC Retail Sales Monitor indicates the performance for the month of October since 2008. Is says the total value of retail sales between October 4 and October 31 hit the negative level of -0.2% compared with September's surge of 2.6%. Nevertheless, there might be a simple explanation for weak figures in October: the UK residents are saving money for Novembers "Black Friday" sell-off. It is quite possible that retail sales will get back to the mean values after that date.

    The GBP/USD pair is heading south again as the resistance at the level of 1.5128 was not broken. The next support is seen at the level of 1.5026.

    gbpusd.jpg

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