The GBP/USD currency pair kept going upwards in response to Tuesday's report pointing to an advance in the UK manufacturing production. The Sterling extended gains against the US Dollar with a modest increase of 10 pips to appreciate further in the 1.3220 area.
Historical Data Table: Manufacturing Production m/m | |||||
Date | 28.04.2017 | 29.05.2017 | 28.06.2017 | 27.07.2017 | 28.08.2017 |
Actual | 0.80% | 1.20% | –0.1% | 0.00% | 2.60% |
Forecast | 0.60% | 0.20% | 0.20% | 0.50% | 0.90% |
Initial Reaction on Main Pairs | |||||
Open Price | Close Price | % Change | |||
GBP/USD | 1.31804 | 1.31908 | 0.08% | ||
EUR/GBP | 0.89404 | 0.89281 | -0.14% | ||
GBP/CAD | 1.64962 | 1.65119 | 0.10% | ||
GBP/JPY | 148.108 | 148.287 | 0.12% |