Fundamental Analysis




Fundamental Analysis

GBP/USD: UK Manufacturing Production m/m
Fri, 11 Aug 2017 07:53:33 GMT
Source: Dukascopy Bank SA
 

Positive Britain's economic reports for June resulted in a solid jump in the GBP/USD exchange rate right after the data came in. Following the release, the Sterling rose versus the US Dollar by 16 base points to touch the 1.2981 level. The Office for National Statistics reported that the country's manufacturing output grew at the same pace as previously, while industrial production advanced unexpectedly over the month of June. The survey's results suggested that the manufacturing growth is likely to gain momentum in the third quarter, while exports would grow at a faster-than-estimated pace. Moreover, experts revealed that the economic expansion is likely to hold up sufficient growth pace in the second half of 2017 rather than decelerate.

Historical Data Table
           
Date 07.04.2017 11.05.2017 09.06.2017 07.07.2017  10.08.2017 
Actual -0.10% -0.60% 0.20% -0.20% 0.00%
Forecast 0.30% -0.20% 0.80% 0.50% 0.00%
           
Initial Reaction on Main Pairs
           
  Open Price Close Price % Change
GBP/USD 1.29662 1.29818 0.12%
EUR/GBP 0.90448 0.9035 -0.11%
GBP/CAD 1.65026 1.65234 0.13%
GBP/JPY 142.605 142.762 0.11%

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