Pound went up as credit growth in the UK continues to beat expectations

Pound went up as credit growth in the UK continues to beat expectations

By: Oliver Miller | Where To Trade | On:Friday, 2 December 2016
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Where to Trade - Pound went up as credit growth in the UK continues to beat expectations. The GBP/USD pair closed at 1.2593 in the previous session.

China´s stock market rallies due to the Shenzhen Connect program.

The S&P 500 continues to appreciate as US hires and consumer spending increase. The S&P 500 closed at 2,192.00 in the previous session.

The Australian Retail Sales data will be released at 1:30 GMT. The Aussie is expected to be under pressure against the dollar.The AUD/USD pair closed at 0.7416 in the previous session.

The US Average Hourly Earnings will be released at 14:30 GMT. The Euro is expected to head higher against the dollar. Revised Q3 US GDP came better than expected, as a result, the US Dollar heads higher. The EUR/USD pair closed at 1.0659 in the previous session.

Video Summary:

  • USA: The US Dollar heads higher 
  • China: China´s stock market rallies due to Shenzhen Connect Program.
  • Australia: The Aussie is expected to be under pressure against the dollar.
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Oliver Miller

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