GBP/USD: Cable raises against the greenback after better-than-expected PMI data

Market news

1 December 2014

GBP/USD: Cable raises against the greenback after better-than-expected PMI data

The British pound rose against the U.S. dollar after the release of an upbeat Purchasing Manager Index for Manufacturing reading 53.5 at a four-month high beating forecasts predicting a decline by 0.4 and increasing 0.3 from last month's data.

GBP/USD: currently trading at USD1.5717

Oil: prices after OPEC meeting under further pressure

Gold tumbled to a two-week low but recovered

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.