The British Pound traded sideways against the US Dollar, following the UK Flash PMIs survey results release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 1 pips or 0.01% after the release. The Pound continued trading at the 1.2730 level against the Greenback after the release.
Markit released the UK Flash Manufacturing PMI survey results, which came out better-than-expected of 53.6 compared with the forecast of 52.0.
According to the official release: "July data indicated a marked improvement in business conditions across the UK private sector economy following the easing of lockdown measures to contain the spread of the coronavirus disease 2019 (COVID-19). The latest survey indicated a return to growth for the service sector and a much faster rise in manufacturing production than seen in June."
| Date | 24.03.20 | 23.04.20 | 21.05.20 | 23.06.20 | 24.07.20 |
|---|---|---|---|---|---|
| Actual | 48.0 | 32.9 | 40.6 | 50.1 | 53.6 |
| Forecast | 45.1 | 42.0 | 35.1 | 45.2 | 52.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.91141 | 0.91174 | 0.04% |
| GBP/CAD | 1.7117 | 1.71076 | -0.05% |
| GBP/JPY | 135.43200 | 135.405 | -0.02% |
| GBP/USD | 1.27374 | 1.27343 | -0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 27.0% | 73.0% |
| GBP/CAD | 27.0% | 73.0% |
| GBP/JPY | 53.6% | 46.4% |
| GBP/USD | 41.0% | 59.0% |
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