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The British Pound strengthened against the Greenback, following the UK Manufacturing Production data release on Thursday. The GBP/USD currency pair gained only five pips, or 0.04%, to continue going up to the 1.3585 level.
The Office for National Statistics simultaneously released four data from which the most important one - Manufacturing Production numbers came out better-then-expected, but still negative of 0.1%. Medium importance release - Goods Trade Balance came out lower-than-expected of –12.3B, compared to the –10.4B in the previous period.
Less significant Construction Output and Industrial Production data came in line with forecasts.
| Historical Data Table: UK Manufacturing Production m/m | Economic Calendar for 11.05.2018 | ||||||||
| Date | 10.01.2018 | 09.02.2018 | 09.03.2018 | 11.04.2018 | 10.05.2018 | 12:30 PM | CAD Employment Change | ||
| Actual | 0.40% | 0.30% | 0.10% | -0.20% | -0.10% | 12:30 PM | CAD Unemployment Rate | ||
| Forecast | 0.30% | 0.30% | 0.20% | 0.20% | 0.20% | 12:30 PM | US Import Prices m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.35322 | 1.35398 | 0.06% | GBP/USD | 61.48% | 38.52% | |||
| EUR/GBP | 0.87664 | 0.8766 | 0.00% | EUR/GBP | 33.39% | 66.61% | |||
| GBP/CAD | 1.72964 | 1.73038 | 0.04% | GBP/CAD | 59.87% | 40.13% | |||
| GBP/JPY | 148.644 | 148.731 | 0.06% | GBP/JPY | 47.33% | 52.67% | |||