In addition to reducing fees, many US asset managers in order to gain market share, have begun to compete for passive funds at the lowest prices.
GBPUSD slides to 1.5200 support after lower than expected construction PMI data on Monday
GBPUSD loses momentum and starts to fall as it fails to break back into the trend channel
GBPUSD plunged towards 1.47 yesterday with candles now finding support at Fibonacci Retracement -10.0%, just above the support price at 1.4691
Cable continues to fall ahead of U.K Second Estimate GDP q/q
GBPUSD is expected to fall with BOE Policy makers dropping call to raise rates and smaller wage growth
GBPUSD retraces back to 1.51 yesterday after plunging from 1.55 as we see a continuation of the down trend
GBPUSD breached past 1.5150 resistance level