03.11.2014 - The situation in the UK industry is improving
The index of business activity in the manufacturing sector in the UK rose to 53.2 in October, against 51.5 in September. It is noteworthy that this increase was recorded for the 20th consecutive month, indicating that the stable growth of the UK economy. These statistics has led to growth of quotations of the British pound, but investors will not rush to accumulate positions before the statement of the Bank of England on Thursday and statistics on the US labor market. We maintain a positive medium term outlook for the British Pound and recommend to open long positions after fixing the price above the level of 1.62.