The British Pound appreciated against the US Dollar, following the UK GDP and Manufacturing Production release on Tuesday at 09:30 GMT. The GBP/USD exchange currency rate gained 20 pips or 0.16% after the release. The Pound continued trading at the 1.2940 level against the Greenback after the release.
The Office for National Statistics released the UK Prelim GDP data, which came out in line with the expectations of 0.0%.
According to the official release: "Services and construction contributed positively to growth in the output approach to GDP in Quarter 4 2019, while production output contributed negatively to growth. Private consumption, government consumption and net trade contributed positively to growth in the expenditure approach to GDP, while gross capital formation contributed negatively to growth in Quarter 4 2019."
| Date | 09.11.18 | 10.05.19 | 09.08.19 | 11.11.19 | 11.02.20 |
|---|---|---|---|---|---|
| Actual | 0.6% | 0.5% | -0.2% | 0.3% | 0.0% |
| Forecast | 0.6% | 0.5% | 0.0% | 0.4% | 0.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.84457 | 0.84424 | -0.04% |
| GBP/CAD | 1.71893 | 1.71917 | 0.01% |
| GBP/JPY | 142.01800 | 142.036 | 0.01% |
| GBP/USD | 1.29269 | 1.29288 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 27.7% | 72.3% |
| GBP/CAD | 36.5% | 63.5% |
| GBP/JPY | 59.5% | 40.5% |
| GBP/USD | 49.7% | 50.3% |
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