There have been some mixed numbers coming from Europe this morning. The prelim Q1 GDP number showed a 0.6% expansion and the unemployment fell to 10.2%. But, on the other hand, the core inflation numbers missed the expectations and the inflation in general posted a 0.2% decline, which means deflation. Still, the Euro is higher against the Dollar, while the British Pound has failed to break the resistance at 1.4660s.
GBP/USD failing at resistance once again.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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