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The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Monday at 08:30 AM. The GBR/USD currency pair gained seven pips, or 0.05%, to continue fluctuating in the 1.3155 area.
The Markit released the monthly UK Purchasing Managers' Index data that came out better-than-expected of 54.4, and stayed unchanged from the previous period.
Rob Dobson stands: "The slowdown in new order growth since earlier in the year has also left manufacturers increasingly reliant on backlogs of work and inventory building to maintain higher output."
| Historical Data Table: UK Manufacturing PMI | Economic Calendar for 02.07.2018 | ||||||||
| Date | 01.03.2018 | 03.04.2018 | 01.05.2018 | 01.05.2018 | 02.07.2018 | 2:00 PM | US ISM Manufacturing PMI | ||
| Actual | 55 | 55.1 | 53.9 | 54.4 | 54.4 | 2:00 PM | US Construction Spending m/m | ||
| Forecast | 55.1 | 54.8 | 54.8 | 53.5 | 54.1 | 2:00 PM | US ISM Manufacturing Prices | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.31572 | 1.3158 | 0.01% | GBP/USD | 66.60% | 33.40% | |||
| EUR/GBP | 0.88453 | 0.88437 | -0.02% | EUR/GBP | 25.49% | 74.51% | |||
| GBP/CAD | 1.73333 | 1.73324 | -0.01% | GBP/CAD | 27.50% | 72.50% | |||
| GBP/JPY | 145.731 | 145.711 | -0.01% | GBP/JPY | 56.49% | 43.51% | |||