According to retail researchers Verdict, the marriage of Prince William to Kate Middleton is expected to bring almost a billion-dollar boost to the national economy.
Experts suppose that the profit will be gained mainly by travel agencies and companies offering other services. They estimated that the sales of wedding-related products could bring in 26 million pounds while the engagement could be worth 12-18 million pounds in merchandise sales. The official wedding ceremony is to be held in spring-summer 2011.
In the meantime, at Forex the British Pound currency rate has already completed a bullish wave of level H4 after breaking through the defensive bullish MF pivot.
Experts from the Department of studying Masterforex-V trading system report that GBPUSD is currently moving within the scope of an H4 retracement, which will hold true until the MF pivot at 1.5888 stays untouched. Otherwise the downtrend will regain its strength in the form of wave c (C ) of level H4.
News for Nov 22th:
13:30 USA - Chicago Fed Nat Activity Index
19:30 USA - Federal Reserve Bank of Minneapolis President Kocherlakota speaks to the Sioux Falls Rotary Club
Support/Resistance levels:
1.6184 - 138.2% + 76.4% + MF pivot
1.6120 - 111.8% + 61.8%
1.6092 - FZR
1.6058 - 176.4% + 76.4%
1.6031 - 138.2% + 61.8%
1.6009 – the current price
1.5967 – MF pivot
1.5933 - FZR
1.5914 - 111.8% + 61.8%
1.5896 - 123.6% + MF pivot
1.5836 – FZR
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