The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The pound weakened against its major counterparts in the European session on Tuesday, as the nation's manufacturing activity contracted at a faster pace in December as output fell sharply amid weaker demand conditions both domestically and internationally.
Survey results from S&P Global showed that U.K. manufacturing PMI dropped to 46.2 in December from a seven-month high of 47.2 in November.
The flash score was 46.4. Any reading below 50 indicates contraction in the sector.
Manufacturing production declined for the tenth successive month in December, as consumer and intermediate goods sub-industries suffered downturns in December, more than offsetting expansion in investment goods.
New orders fell for the ninth straight month, linked to a weak economic backdrop.
The pound touched 1.2645 against the greenback, its lowest level since December 21. The currency may possibly face support around the 1.24 level.
The pound eased to 179.47 against the yen, from an early 5-day high of 180.65. This may be compared to a 5-day low of 179.26 seen in the previous session. The currency is seen finding support around the 174.00 level.
The pound retreated to 1.0735 against the franc, off an early 5-day high of 1.0787. The currency is poised to challenge support around the 1.05 level.
After rising to nearly a 2-week high of 0.8645 against the euro at 3:55 am ET, the pound reversed direction and dropped to 0.8678. The currency is likely to locate support around the 0.88 level.
Looking ahead, U.S. construction spending for November will be released in the New York session.
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