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The British Pound strengthened against the Greenback, following the UK Manufacturing PMI data release on Tuesday. The GBP/USD currency pair lost 35 pips, or 0.25%, to continue fluctuating in the 1.3687 area.
The Markit released Manufacturing Purchasing Managers' Index that came out lower-than-expected of 53.9, compared to the 55.1 in the previous period. The biggest reaction or downward movement was made on GBP/CAD currency pair by 0.27%.
"The headline PMI dipped to a 17-month low as growth of production, new business and employment all slowed," said Rob Dobson, director at IHS Markit.
| Historical Data Table: UK Manufacturing PMI | Economic Calendar for 01.05.2018 | ||||||||
| Date | 02.01.2018 | 01.02.2018 | 01.03.2018 | 03.04.2018 | 01.05.2018 | 12:30 PM | CAD GDP m/m | ||
| Actual | 56.3 | 55.3 | 55 | 55.1 | 53.9 | 2:00 PM | US ISM Manufacturing PMI | ||
| Forecast | 58 | 56.5 | 55.1 | 54.8 | 54.8 | 10:45 PM | NZD Employment Change q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.37311 | 1.36963 | -0.25% | GBP/USD | 56.46% | 43.54% | |||
| EUR/GBP | 0.87706 | 0.87894 | 0.21% | EUR/GBP | 45.02% | 54.98% | |||
| GBP/CAD | 1.76484 | 1.7601 | -0.27% | GBP/CAD | 43.18% | 56.82% | |||
| GBP/JPY | 150.386 | 150.022 | -0.24% | GBP/JPY | 44.19% | 55.81% | |||