The British Pound depreciated against the US Dollar, following the UK Flash Manufacturing and Services PMI survey results release on Monday at 09:30 GMT. The GBP/USD exchange currency rate lost 14 pips or 0.11% right after the release. The Pound continued trading at the 1.3340 level against the Greenback.
Markit released the UK Flash Manufacturing PMI survey results data, which came out worse-than-expected of 47.4 compared with the forecast of 49.1. Also, the IK Flash Services PMI came out worse-than-expected of 49.0.
According to the official release: "Survey respondents overwhelmingly attributed lower business activity to a combination of domestic political uncertainty, a lack of clarity in relation to Brexit and subdued global economic conditions. Manufacturers noted that efforts to trim their stocks of finished goods had acted as an additional brake on production at the end of 2019."
| Date | - | - | - | 22.11.19 | 16.12.19 |
|---|---|---|---|---|---|
| Actual | - | - | - | 48.3 | 47.4 |
| Forecast | - | - | - | 48.8 | 49.1 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.83428 | 0.83437 | 0.01% |
| GBP/CAD | 1.75392 | 1.753 | -0.05% |
| GBP/JPY | 146.04900 | 145.989 | -0.04% |
| GBP/USD | 1.33425 | 1.33381 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 57.9% | 42.1% |
| GBP/CAD | 27.9% | 72.1% |
| GBP/JPY | 38.9% | 61.1% |
| GBP/USD | 26.8% | 73.2% |
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