The British Pound appreciated against the US Dollar, following the UK Flash Services and Manufacturing PMI survey results release on Tuesday at 08:30 GMT. The GBP/USD exchange currency rate gained 60 pips or 0.47% after the release. The Pound continued trading at the 1.2740 level against the Greenback after the release.
Markit released the UK Flash Manufacturing PMI survey results, which came in line with the expectations of 54.3.
According to the official release: "Where business activity growth was reported, survey respondents often commented on successfully adapting to the constraints imposed by the COVID-19 pandemic and a general boost from the reopening of the UK economy. A number of manufacturers noted that pent up customer demand had encouraged them to expand production capacity. That said, there were widespread reports that a lack of consumer confidence and persistent disruptions to business operations due to the pandemic had held back the recovery in September."
| Date | 21.05.20 | 23.06.20 | 24.07.20 | 21.08.20 | 23.09.20 |
|---|---|---|---|---|---|
| Actual | 40.6 | 50.1 | 53.6 | 55.3 | 54.3 |
| Forecast | 35.1 | 45.2 | 52.0 | 54.0 | 54.3 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.92153 | 0.92118 | -0.04% |
| GBP/CAD | 1.69084 | 1.69159 | 0.04% |
| GBP/JPY | 133.20800 | 133.345 | 0.10% |
| GBP/USD | 1.26799 | 1.2692 | 0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 29.2% | 70.8% |
| GBP/CAD | 74.7% | 25.3% |
| GBP/JPY | 47.5% | 52.5% |
| GBP/USD | 57.2% | 42.8% |
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