(eToro Blog) Early this morning, the GfK Group released its key consumer confidence index for January, which is a gauge of confidence levels for the U.K.’s economic activity among the 2000 respondents. The reading improved to -29 from -33, beating analysts’ forecast of -32 yet far off the May “peak” of -21. The managing director [...]
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U.K. Edges Closer to Double Dip and OpenBook Goes Bearish on Sterling
(eToro Blog) News that the U.K. economy is edging closer to a double-dip recession is putting pressure on the Pound Sterling, which fell against the U.S. Dollar to 1.5581. On the OpenBook, traders are primarily short the GBP/USD. Guru santosh, who is generally very attune to the U.K. economy, only managed to eke out a [...]
OpenBook Traders Parlay U.K. Borrowing News into Gains
(eToro Blog) We looked on OpenBook to see how our Sterling traders fared with the mixed bit of news on U.K. net borrowing, which was released earlier today. Sterling guru santosh has closed quite a few hedged positions in the GBP/USD pair over the past 24-hours, with a long closed out following the news release [...]
