The British Pound appreciated against the US Dollar, following the UK Manufacturing Production and GDP data releases on Monday at 08:30 GMT. The GBP/USD exchange currency rate gained 13 pips or 0.10% right after the release. The Pound continued trading at the 1.2300 level against the Greenback.
The Office for National Statistics released the UK Manufacturing Production data, which came out better-than-expected of 0.3% compared with the forecast of the negative 0.3%. The UK GDP data also came out better-than expected of 0.3% compared with the forecast of 0.2%.
The Head of GDP Rob Kent-Smith commented the release: "While the largest part of the economy, services sector, returned to growth in the month of July, the underlying picture shows services growth weakening through 2019."
| Date | 10.05.19 | 10.06.19 | 10.07.19 | 09.08.19 | 09.09.19 |
|---|---|---|---|---|---|
| Actual | 0.9% | -3.9% | 1.4% | -0.2% | 0.3% |
| Forecast | 0.1% | -1.1% | 2.2% | -0.1% | -0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.89818 | 0.8979 | -0.03% |
| GBP/CAD | 1.61862 | 1.61836 | -0.02% |
| GBP/JPY | 131.52500 | 131.513 | -0.01% |
| GBP/USD | 1.22909 | 1.22926 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 29.6% | 70.5% |
| GBP/CAD | 72.3% | 27.8% |
| GBP/JPY | 72.9% | 27.1% |
| GBP/USD | 58.6% | 41.4% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | CNY | CPI y/y | 2.6% | 2.8% |
| 8:30 | GBP | Average Earnings Index 3m/y | 3.7% | 3.7% |
| 8:30 | GBP | Unemployment Rate | 3.9% | 3.9% |