Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 17
Today GBP/USD Weak Against Greenback
Thursday, 02 April 2015 17:46

Today GBP/USD Weak Against Greenback

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Today GBP/USD opened at $1.6403, and made high of $1.6487.Till noon session GBP/USD was traded in the range of 10 pips. GBP/USD decline against Greenback after Manufacturing Production data read 0.0% prior 0.2% and Industrial Production read 0.0% prior 0.3%. GBP/USD declined by 55-60 pips after data release. Manufacturing Production data was flat and Industrial Production declined by 1.1% on October. However, Manufacturing Production was read same as expected in November, 1.2% and in December  0.4%. Industrial Production was read 0.9% above expected level of 0.7% in November, were in December was read 0.4% same as expected.

U.K growth is largely depending on Consumer Spending, which has continued decline by last 3 month. However, some other measure should be added to increase growth as only Consumer spending may no longer remain major driver of growth.

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