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Forex Market GBP/INR And JPY/INR Technical Report 07 November

GBP/INR

The Sterling Pound appreciated around 0.2 percent yesterday on the back of favorable manufacturing and industrial production data from the country. Further, weakness in the DX coupled with upbeat global market sentiments supported an upside in the Sterling Pound. The currency touched an intra-day high of 1.6117 and closed at 1.6079 on Wednesday.

UK's Halifax HPI gained 0.7 percent in October as against a gain of 0.5 percent in September. Manufacturing Production gained 1.2 percent in October as against a decline of 1.2 percent in September. Industrial Production rose 0.9 percent in September as against a decline of 1.1 percent in August......Read More