The Sterling edged lower against the US Dollar on the report showing mixed Britain's manufacturing and trade figures. The GBP/USD exchange rate fell 10 base points to continue depreciation in the 1.3400 area.
Britain's manufacturing expanded at its strongest annual pace in a year, while mixed trade figures and a downturn in construction left the market projections divided for the country's economy in 2018. The Office for National Statistics said that the UK factory output marked a 0.1% increase in October. Meanwhile, business surveys indicated that factories were enjoying higher demand from Europe, but also faced further rise in price pressures. The outcome of the country's quit from the EU is expected to be crucial for manufacturers' outlook.
| Historical Data Table: UK Manufacturing Production m/m | Economic Calendar for 11.12.2017 | ||||||||
| Date | 10.08.2017 | 08.09.2017 | 10.10.2017 | 10.11.2017 | 08.12.2017 | 3:00 PM | US JOLTS Job Openings | ||
| Actual | 0.0% | 0.5% | 0.4% | 0.7% | 0.1% | 6:01 PM | US 10-y Bond Auction | ||
| Forecast | 0.0% | 0.3% | 0.2% | 0.3% | 0.1% | 11:50 PM | Japan PPI y/y | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.34826 | 1.34727 | -0.07% | GBP/USD | 50.72% | 49.28% | |||
| EUR/GBP | 0.87086 | 0.87119 | 0.04% | EUR/GBP | 27.93% | 72.07% | |||
| GBP/CAD | 1.73449 | 1.73379 | -0.04% | GBP/CAD | 47.43% | 52.57% | |||
| GBP/JPY | 153.071 | 152.986 | -0.06% | GBP/JPY | 45.34% | 54.66% | |||