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The Sterling was little changed against the Greenback, following the UK housing price growth data from Halifax. GBP/USD was in a side move early Thursday, though the pair gained 54 base points or 0.40% to the 1.348 mark, as a reaction on the Irish official saying that Britain and Ireland were very close to cut the deal.
Halifax report showed that the UK house prices increased more than anticipated 0.5% in November, while the yearly pace of growth slowed to 3.9% from 4.5% in the prior month. Ahead of the Theresa May's meeting with the European Council President and the European Commission Presidents to make a final decision on the Irish border issue, Britain's manufacturing and industrial production data will be in focus.
| Historical Data Table: Halifax HPI m/m | Economic Calendar for 08.12.2017 | ||||||||
| Date | 07.08.2017 | 07.06.2017 | 07.06.2017 | 07.08.2017 | 07.06.2017 | 9:30 AM | UK Manufacturing Production m/m | ||
| Actual | 0.4% | 1.1% | 0.8% | 0.3% | 0.5% | 1:30 PM | US Average Hourly Earning m/m | ||
| Forecast | 0.3% | 0.2% | 0.0% | 0.2% | 0.5% | 1:30 PM | US Non-Farm Employment Change | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.34271 | 1.34809 | 0.40% | GBP/USD | 50.03% | 49.97% | |||
| EUR/GBP | 0.87902 | 0.87568 | -0.38% | EUR/GBP | 35.25% | 64.75% | |||
| GBP/CAD | 1.72222 | 1.72876 | 0.38% | GBP/CAD | 49.60% | 50.40% | |||
| GBP/JPY | 151.413 | 152.223 | 0.53% | GBP/JPY | 44.58% | 55.42% | |||