The British pound appreciated against the US Dollar, following the UK Manufacturing PMI data release on Monday at 08:30 GMT. The GBP/USD exchange currency rate gained 12 pips or 0.09% during a minute, right after the release. In the next minutes the rate was trading at the 1.3053 area.
The Markit released the UK Manufacturing PMI data that came out better-than-expected of 53.8, compare to forecasted 52.6.
Rob Dobson of Markit commented in the release, "September saw a mild improvement in the performance of the UK manufacturing sector. Domestic market demand strengthened, while increased orders from North America and Europe helped new export business stage a modest recovery from August's contraction. Business confidence also rose to a three month high."
| Historical Data Table: Manufacturing PMI | Economic Calendar for 01.10.2018 | ||||||||
| Date | 01.05.2018 | 01.05.2018 | 02.07.2018 | 03.09.2018 | 01.10.2018 | 14:00 PM | US ISM Manufacturing PMI | ||
| Actual | 53.9 | 54.4 | 54.4 | 52.8 | 53.8 | 17:00 PM | CAD Gov Council Member Lane Speaks | ||
| Forecast | 54.8 | 53.5 | 54.1 | 53.9 | 52.6 | Tentative | NZD NZIER Business Confidence | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.30419 | 1.3046 | 0.03% | GBP/USD | 52.99% | 47.01% | |||
| EUR/GBP | 0.88899 | 0.88894 | -0.01% | EUR/GBP | 40.31% | 59.69% | |||
| GBP/CAD | 1.67123 | 1.67195 | 0.04% | GBP/CAD | 72.24% | 27.76% | |||
| GBP/JPY | 148.792 | 148.726 | -0.04% | GBP/JPY | 46.15% | 53.85% | |||