The British Pound traded sideways against the US Dollar, following the UK Flash Manufacturing and Services PMIs survey results release on Friday at 09:30 GMT. The GBP/USD exchange currency rate gained 10 pips or 0.08% after the release. The Pound continued trading at the 1.2925 level against the Greenback after the release.
Markit released the UK Flash Manufacturing PMI survey results, which came out better-than-expected of 51.9 compared with the forecast of 49.7.
According to the official release: "Survey respondents noted that receding political uncertainty since the general election continued to translate into higher business activity and greater willingness to spend among clients. That said, the overall rate of new order growth eased from the 19-month peak seen in January amid a weaker expansion across the service economy."
| Date | - | 22.11.19 | 16.12.19 | 24.01.20 | 21.02.20 |
|---|---|---|---|---|---|
| Actual | - | 48.3 | 47.4 | 49.8 | 51.9 |
| Forecast | - | 48.8 | 49.1 | 49.1 | 49.7 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.83722 | 0.83714 | -0.01% |
| GBP/CAD | 1.71236 | 1.71273 | 0.02% |
| GBP/JPY | 144.35800 | 144.422 | 0.04% |
| GBP/USD | 1.29181 | 1.29211 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 59.8% | 40.2% |
| GBP/CAD | 49.4% | 50.6% |
| GBP/JPY | 51.0% | 49.1% |
| GBP/USD | 51.3% | 48.7% |
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