GBP was on the rise at the beginning of today. Addition came in the light of Theresa May’s Brexit plan finally being liked by the government although just a couple hours ago we saw a 200-pips tumble down as the Attorney General of the UK Geoffrey Cox stated that he feels strongly against May’s plan. But GBP was waiting for a pick-me-up and it got just what it needed – a set of GDP data together with manufacturing production numbers – these are the two documents that talk about the health of the economy the most – the better the numbers are, the better the currency is going to do in the future.
And we can clearly see that at the time of reports the couple started to retrieve the lost points which is a welcome improvement from the whole 200 lost pips ordeal.
Trading signals are going to show you the situation from a more detailed side, but for now the couple is doing pretty good!