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The British pound depreciated against the US Dollar, following the UK Current Account data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 26 pips or 0.20% during a minute, right after the release. In the next minutes the rate was trading at the 1.3060 area.
The Office for National Statistics released the UK Current Account data that came out lower-than-expected of negative 20.3 B, compare to forecasted negative 19.4 B.
"Although it has picked up a little from a slow start to the year, underlying economic growth remains persistently below the long-term average," said Rob Kent-Smith, head of national accounts at the ONS.
| Historical Data Table: Current Account | Economic Calendar for 01.10.2018 | ||||||||
| Date | 29.09.2017 | 22.12.2017 | 29.03.2018 | 29.06.2018 | 28.09.2018 | 8:30 AM | UK Manufacturing PMI | ||
| Actual | -23.2B | -19.2B | -18.4B | -17.7B | -20.3 B | 14:00 PM | US ISM Manufacturing PMI | ||
| Forecast | -15.8B | -21.5B | -24.0B | -18.0B | -19.4B | Tentative | NZD NZIER Business Confidence | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.30603 | 1.30558 | -0.03% | GBP/USD | 49.04% | 50.96% | |||
| EUR/GBP | 0.88913 | 0.8899 | 0.09% | EUR/GBP | 42.38% | 57.62% | |||
| GBP/CAD | 1.69985 | 1.69884 | -0.06% | GBP/CAD | 73.84% | 26.16% | |||
| GBP/JPY | 148.117 | 148.105 | -0.01% | GBP/JPY | 41.00% | 59.00% | |||