The British Pound traded sideways against the US Dollar, following the UK Flash PMIs survey results release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 8 pips or 0.06% after the release. The Pound continued trading at the 1.2230 level against the Greenback after the release.
Markit released the UK Manufacturing PMI survey results, which came out better-than-expected of 40.6 compared with the forecast of 35.1.
According to the official release: "Rapid downturn in the UK private sector output continues in May, but the speed of decline eases since April. Lower volumes of business activity were again almost exclusively linked to business shutdowns, cancellations of customer orders and a general slump in demand amid the coronavirus disease 2019 (COVID-19) pandemic."
| Date | 24.01.20 | 21.02.20 | 24.03.20 | 23.04.20 | 21.05.20 |
|---|---|---|---|---|---|
| Actual | 49.8 | 51.9 | 48.0 | 32.9 | 40.6 |
| Forecast | 49.1 | 49.7 | 45.1 | 42.0 | 35.1 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.89908 | 0.89816 | -0.10% |
| GBP/CAD | 1.70075 | 1.70129 | 0.03% |
| GBP/JPY | 131.46400 | 131.572 | 0.08% |
| GBP/USD | 1.22031 | 1.22125 | 0.08% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 29.3% | 70.7% |
| GBP/CAD | 50.8% | 49.2% |
| GBP/JPY | 65.7% | 34.3% |
| GBP/USD | 58.9% | 41.1% |
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