GBP/USD: UK GDP and Manufacturing Production

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

The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 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 1.3065 area against the US Dollar.

The Office for National Statistics released UK GDP data that came out in line with expectations of 0.2%. Note, that the Manufacturing Production was released at the same time with the GDP.

Commenting on today's GDP figures, Head of GDP Rob Kent-Smith said: "GDP growth remained modest in the latest three months. Services again drove the economy, with a continued strong performance in IT. Manufacturing also continued to recover after weakness at the end of last year with the often-erratic pharmaceutical industry, chemicals and alcohol performing well in recent months."


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Historical Data: UK GDP MoM
Date10.12.1811.01.1911.02.1912.03.1910.04.19
Actual0.1%0.2%-0.4%0.5%0.2%
Forecast0.1%0.1%0.0%0.2%0.2%
Historical Data: UK Manufacturing Production MoM
Date10.12.1811.01.1911.02.1912.03.1910.04.19
Actual-0.9%-0.3%-0.7%0.8%0.9%
Forecast0.0%0.4%0.2%0.2%0.2%
Initial Reaction on Main Pairs
PairOpenCloseChange
EUR/GBP0.861980.86167-0.04%
GBP/CAD1.742491.743170.04%
GBP/JPY145.331145.380.03%
GBP/USD1.307391.308070.05%
Apr 10, 2019 Open Positions
PairLongsShorts
EUR/GBP59.1%40.9%
GBP/CAD56.7%43.3%
GBP/JPY44.7%55.3%
GBP/USD50.1%49.9%
Economic Calendar for Apr 11, 2019
GMTCurrencyEventForecastPrevious
12:30USDPPI MoM0.3%0.1%
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Wed, 10 Apr 2019 14:06:02 GMT

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