MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Everything in UK is in bad condition


As expected in the previous forecast, the Bank of England showed excessive conservatism and deprived investors with the prospects for a rate hike in the coming months. The balance of votes for the rate increase remained unchanged since the last meeting by 2-7. Many expected for a shift towards 3-6. Economic indicators also came out worse than forecasts. Industrial production in March added 0.1%, as expected. But on an annual basis, the industrial production increased by 2.9% YoY against expectations of 3.1% YoY due to the downward revision of data for the previous months. The production volume in the construction sector lost 2.3% in the month against the forecast of -2.1%. In the manufacturing industry, compression was recorded at 0.1%. The commodity trade balance for March showed an expansion of the negative balance from -10.4 billion pounds (revised from -10.2 billion) to -12.3 billion pounds, while the forecast assumed a deterioration to -11.2 billion. As a result, the pound declined by 29 points. From a greater decline, the British pound saved the dollar, after the day fell 0.42%.

There are no expected economic news from the UK today. According to the United States, the import price index will be published (an increase of 0.5% is assumed) and the consumer confidence index from the University of Michigan in Mays shows a forecast at 98.4 against 98.8 earlier.

We are expecting the British pound at 1.3330 for several days.


* The presented market analysis is informative and does not constitute a guide to the transaction.

The material has been provided by InstaForex Company -