GBP/USD: UK Manufacturing PMI

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The British Pound appreciated against the US Dollar, following the UK Manufacturing PMI data release on Monday at 09:30 GMT. The GBP/USD exchange currency rate gained 7 pips or 0.05% during a minute, right after the release. The British Pound continued trading at the 1.2775area against the US Dollar. Besides, the data release was flat and did not affect the market during the release time.

The Markit released UK Manufacturing PMI data that came out better than expected of 53.1, compare to forecasted 51.6.

Rob Dobson, director at IHS Markit said, "While demand from the domestic market was a positive spur, in some cases as clients built up stocks in response to Brexit and other supply-chain uncertainties, manufacturers also reported a further decrease in new export business as slower global economic growth and Brexit worries took a bite out of foreign demand". 

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Historical Data Table: Manufacturing PMI  Economic Calendar for 04.12.2018
           
Date 02.07.2018 03.09.2018 01.10.2018 01.11.2018 03.12.2018 9:15 AM UK BOE Gov Carney Speaks
Actual 54.4 52.8 53.8 51.1 53.1 9:30 AM UK Construction PMI
Forecast 54.1 53.9 52.6 53 51.6 18:00 PM UK MPC Member Vlieghe Speaks
           
Initial Reaction on Main Pairs SWFX Sentiment Indexes
           
  Open Price Close Price % Change   Longs Shorts
GBP/USD 1.278 1.27818 0.01% GBP/USD 68.68% 31.32%
EUR/GBP 0.88894 0.88894 0.00% EUR/GBP 25.15% 74.85%
GBP/CAD 1.68394 1.68366 -0.02% GBP/CAD 73.38% 26.62%
GBP/JPY 145.011 144.991 -0.01% GBP/JPY 58.96% 41.04%

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