The British Pound depreciated against the US Dollar, following the UK GDP and Manufacturing Production data release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate lost 15 pips or 0.11% after the release. The Pound continued trading at the 1.2960 level against the Greenback after the release.
The Office for National Statistics released the US GDP data which came out worse-than-expected of 0.0% compared with the forecast of 0.2%.
According to the official release: "The economy continued to show no growth overall in the latest three months. Growth in construction, driven by housebuilding, offset yet another decline in manufacturing, particularly the drinks, cars and machinery industries. The dominant services sector also showed no growth in the latest three months with falls in retail and telecoms balanced by strength in rentals, employment and education."
| Date | 11.11.19 | 10.12.19 | 13.01.20 | 11.02.20 | 11.03.20 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.0% | -0.3% | 0.3% | 0.0% |
| Forecast | -0.1% | 0.1% | 0.0% | 0.2% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.87287 | 0.8736 | 0.08% |
| GBP/CAD | 1.77668 | 1.77419 | -0.14% |
| GBP/JPY | 136.58100 | 136.463 | -0.09% |
| GBP/USD | 1.29704 | 1.29587 | -0.09% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 36.6% | 63.4% |
| GBP/CAD | 53.6% | 46.4% |
| GBP/JPY | 73.1% | 26.9% |
| GBP/USD | 50.3% | 49.7% |
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