The British Pound traded sideways against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate gained 7 pips or 0.06% right after the release. The British Pound continued trading at the 1.2685 level against the Greenback.
Office for National Statistics released the UK Current Account data , which came out better-than-expected of negative 30.0B compared with forecasted negative 32.0B.
According to the official release: "The UK financed its current account deficit mainly through other investment, where UK investors withdrew overseas deposits while overseas investors increased their deposits with UK monetary financial institutions."
| Date | 29.06.18 | 28.09.18 | 21.12.18 | 29.03.19 | 28.06.19 |
|---|---|---|---|---|---|
| Actual | -17.7B | -20.3B | -26.5B | -23.7B | -30.0B |
| Forecast | -18.0B | -19.4B | -21.7B | -22.9B | -32.0B |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.89879 | 0.89834 | -0.05% |
| GBP/CAD | 1.65884 | 1.6593 | 0.03% |
| GBP/JPY | 136.41100 | 136.463 | 0.04% |
| GBP/USD | 1.26703 | 1.26744 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 25.7% | 74.3% |
| GBP/CAD | 71.3% | 28.8% |
| GBP/JPY | 74.3% | 25.7% |
| GBP/USD | 63.6% | 36.4% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:45 | CNY | Caixin Manufacturing PMI | 50.0 | 50.2 |
| 8:30 | GBP | Manufacturing PMI | 49.2 | 49.4 |
| 14:00 | USD | ISM Manufacturing PMI | 51.0 | 52.1 |