Hello friends.
If we have a look at today's economic data published of United Kingdom and United States of America we will find there is growth in United Kingdom industrial production as well as in manufacturing production and so trade deficit has reduced. Industrial production rose to 2.7 better than expectations and manufacturing production rose to 2.5 from previous 1.8. United States university of Michigan sentiment fall to 97.8 worse than expectations of 100.9. So at the end of the day we can see nearly 100 pips growth in GBP/USD from today's low.
On conclusion I want to say GBP/USD has potential for further growth.
If we have a look at today's economic data published of United Kingdom and United States of America we will find there is growth in United Kingdom industrial production as well as in manufacturing production and so trade deficit has reduced. Industrial production rose to 2.7 better than expectations and manufacturing production rose to 2.5 from previous 1.8. United States university of Michigan sentiment fall to 97.8 worse than expectations of 100.9. So at the end of the day we can see nearly 100 pips growth in GBP/USD from today's low.
On conclusion I want to say GBP/USD has potential for further growth.