When I was growing up my mother had a saying, or an answer, for just about everything…as do most mothers. Every answer to the question “Why?” was immediately met with the most intellectual of answers: “…because I said so”.
GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is possible, below this level will signal completion of the uptrend, then the following bearish movement could bring price into 1.2800 zone.
Many lament the decline of manufacturing employment. The graph above illustrates this decline since 2000; expanding the sample period reveals that manufacturing employment hasn’t increased in any notable fashion since the 1960s, despite a steady increase in the working-age population.