Dollar Index Impact on GBP

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For important data will impact the Dollar Index projection and will lead to fluctuation in the forex market
Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.  This week Forecasted figure is 2400K as compare to previous figure of 2981K.  These data were released by Department of Labour.
The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district.  Released by Federal Bank of Philadelphia
Forecasted figure – 41.5 whereas as compare to the previous figure of – 56.6


Impact on GBP

Great Britain Pound is trading at 1.2300 from 1.21900 is expected to come down again around 1.21500

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