Sterling Ripe for a Comeback GBPUSD Forex Signal
On Friday, the Office of National Statistics published strong economic numbers from the UK. These numbers revealed that the country’s economy expanded rapidly in November last year. This happened as companies boosted their fixed asset investments and exports increased. The manufacturing and industrial production sectors also improved during the month.
If the trend continues, the data will show that the country’s unemployment rate declined from 4.2% in October to 4.1% or 4.0% in November. At the same time, the number of claimant count is expected to have declined in December. Excluding the volatile food and energy prices, they expect that inflation dropped from 4.0% to 3.9%, which will be a sign that inflation is peaking.
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