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The British Pound weakened against the Greenback, following the UK Manufacturing Production data on Wednesday. The GBP/USD currency lost 10 pips, or 0.07%, to continue fluctuating in the 1.4190 area.
The Office for National Statistics revealed lower-than-expected data in Manufacturing Production in February. On month-to-month basis factory production decreased by 0.2%, compared to a growth of 0.1% in the prior month. Surprisingly, but Britain's construction and manufacturing sectors output showed downturn, being the main cause for this decrease. The Britain's economic activity in Q1 showed its growth pace to slow down a little bit, based on the February's activity data.
| Historical Data Table: UK Manufacturing Production m/m | Economic Calendar for 11.04.2018 | ||||||||
| Date | 08.12.2017 | 10.01.2018 | 09.02.2018 | 09.03.2018 | 11.04.2018 | 12:30 PM | US CPI m/m | ||
| Actual | 0.10% | 0.40% | 0.30% | 0.10% | -0.20% | 12:30 PM | US Core CPI m/m | ||
| Forecast | 0.10% | 0.30% | 0.30% | 0.20% | 0.20% | 2:30 PM | US Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.42103 | 1.42 | -0.07% | GBP/USD | 44.79% | 55.21% | |||
| EUR/GBP | 0.87024 | 0.87088 | 0.07% | EUR/GBP | 48.29% | 51.71% | |||
| GBP/CAD | 1.79216 | 1.79106 | -0.06% | GBP/CAD | 25.51% | 74.49% | |||
| GBP/JPY | 151.931 | 151.849 | -0.05% | GBP/JPY | 43.79% | 56.21% | |||