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  • UK construction output rises at fastest pace for seven months

    From markiteconomics.com

    August data indicated a continued strong recovery in UK construction output, driven by sharp rises in housing, commercial and civil engineering activity. A sustained upturn in workloads and widespread confidence towards the business outlook resulted in another rapid upturn in employment numbers. Greater demand for staff also contributed to a survey-record decline in sub-contractor availability, as well as the steepest rise in rates charged by sub-contractors since the survey began in April 1997. At 64.0 in August, up from 62.4 in July, the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® ... (full story)

  •  Guest
  • | IP XX.XX.12.218
Ridiculous, the market recovered straight afterwards as though the news event didnt even happen
GU down down down..
and the other pair is following the kingdoms currency..
what kind of sorcery is this??
no hope for GBPUSD, he he he
so why it goes down
technically it expecting more down
Quoting rona v
so why it goes down
Pro independence Scots narrow gap to vicktory ahead of UK vote...REUTERS
Don't trade against the trend without a tight SL.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion All Time Return: 22,786.0%
gbp is breaking all techs.
As with other I don't understand why the pounds headed down with a great PMI result.
Hope I understand the markets before I depart!!
  •  Guest
  • | IP XX.XX.90.116
Quoting Mosmoney
As with other I don't understand why the pounds headed down with a great PMI result.
Hope I understand the markets before I depart!!
if Scottish win the vote for independence, THEN there will be a serious debate about using pound as currency or using euro, now the vote getting stronger for independence...
  •  Guest
  • | IP XX.XXX.14.165
I got in at 1.6563 and am still riding it down. I didn't jump in because of my own analysis, just saw 3 separate sources that said this was going to happen x_x. I am confused like the rest of you...why the big drop with a positive PMI?
what's causing the selling with the pound, anyone?
I'm just moving clouds today - tomorrow I'll try mountains.
Well aside from leveling back to the norms. Someone is selling very hard or being forced to sell. Probably concerned when the NY traders are back today.
the big fish is gambling at the news
forget fundamentals and look to your charts daily, PA is talking now
  •  Guest
  • | IP XX.XX.68.52
It's going down after news released that if Scotland goes independent they might not take a share of the UK's debt
This is taking profit now (sell-off), and GBP/USD go down to ISM report.
If USD (ISM) Manufacturing Purchasing Managers Index (PMI) report go down (forecast is down) , then GBP will make a big jump , and rapidly go up (because GBP is too much oversold now).
If ISM go up , GBP/USD will more go down (but litlle, and then go up (because GBP is too much oversold) but not rapidly and not to much.
Supported zone is 1.6472-1.6450.
  •  Guest
  • | IP XXX.XX.140.144
The fact that there is no plan in place in case of a yes vote makes the markets a little nervous, reason why this downtrend is gonna continue
Quoting haklberi
This is taking profit now (sell-off), and GBP/USD go down to ISM report.
If USD (ISM) Manufacturing Purchasing Managers Index (PMI) report go down (forecast is down) , then GBP will make a big jump , and rapidly go up (because GBP is too much oversold now).
If ISM go up , GBP/USD will more go down (but litlle, and then go up (because GBP is too much oversold) but not rapidly and not to much.
Supported zone is 1.6472-1.6450.
How exactly did you come up with this conclusion? Past experiences?
If you fall, I shall be there. - The floor
Well the Fact that there's no plan in place in case of a yes vote, makes the market a little nervous, this is more a technical issue than anything..
Past experiences? Yes.
But it's my opinion, and this is only my forecast.
Okay Scotland is a big play here. It is pretty much on course for crash. Not knowing what could potentially happen is the real killer here. People can't forget that this is one of the developed central that had to succumb to an investor. People remember a guy named Soros who broke their bank? Do you really think their central bank have everything under control? I highly doubt it.
Quoting kingleeny
Okay Scotland is a big play here. It is pretty much on course for crash. Not knowing what could potentially happen is the real killer here. People can't forget that this is one of the developed central that had to succumb to an investor. People remember a guy named Soros who broke their bank? Do you really think their central bank have everything under control? I highly doubt it.
I don't think they've thought everything through..and might to have change their currency, which will devalue investments
  •  Guest
  • | IP XX.XX.224.12
On H4 TF GU is make high ready to go arround the TL down....
US stocks are already at verge of collapse anytime, if not collapse at least a major correction. it will eventually bring USD down and it will fall off cliff.
waiting for the breakout of 1.6500 level
Gold breaks 1270 not a good sign for the metal.
Quoting b_hand
the big fish is gambling at the news
Read my Post: independence Scots narrow gap to vicktory ahead of UK vote...REUTERS
Sterling tumbles as poll puts Yes campaign within 'touching distance.Telegraph
Another blown account...was only looking at Construction PMI. How safe is news trading
...but FF did not report the Scottish vote. Why?
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  •  Guest
  • | IP X.XXX.253.163
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  • Story Stats
  • Posted: Sep 2, 2014 4:31am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 30  /  Views: 6,139
  • Linked event: