Saturday, March 30, 2013

United Kingdom Solid Data, Sterling Leapt

Data Inggris Solid, Sterling Melejit

Monexnews-Sterling bolted to the highest position 3-week versus the U.s. Dollar after the United Kingdom data better than expectations of easing some concerns about the worsening economic performance. Public sector lending Data showed a smaller deficit than expected, while retail sales recorded the strongest growth since March. However, analysts remained skeptical of economic prospects and the United Kingdom saw an increase this will add to the list of short Sterling positions.

"The rise of Sterling seems to be caused by a short squeeze, not because investors have been more optimistic on the economy United Kingdom," said Marc Ostwald, of monument Securities forex analyst at. "Sterling will Rise further depends on how much short position that is trimmed. See United Kingdom economic thinking can unexpectedly improved is too excessive. " (vid)

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Title Post: United Kingdom Solid Data, Sterling Leapt
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Author: Mohammad Zulfi Satriawan

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