The British Pound traded sideways against the US Dollar, following the UK Flash Manufacturing and Services PMIs survey results release on Thursday at 08:30 GMT. The GBP/USD exchange currency rate gained 5 pips or 0.04% after the release. The Pound continued trading at the 1.2350 level against the Greenback after the release.
Markit released the UK Flash Manufacturing PMI survey results, which came out worse-than-expected of 32.9 compared with the forecast of 42.0.
According to the official release: "Widespread business shutdowns at home and abroad in response to the coronavirus disease 2019 (COVID-19) pandemic unsurprisingly resulted in a rapid reduction in UK private sector output during April."
| Date | 16.12.19 | 24.01.20 | 21.02.20 | 24.03.20 | 23.04.20 |
|---|---|---|---|---|---|
| Actual | 47.4 | 49.8 | 51.9 | 48.0 | 32.9 |
| Forecast | 49.1 | 49.1 | 49.7 | 45.1 | 42.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.87528 | 0.87495 | -0.04% |
| GBP/CAD | 1.74592 | 1.74655 | 0.04% |
| GBP/JPY | 132.80400 | 132.885 | 0.06% |
| GBP/USD | 1.23402 | 1.23455 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 42.3% | 57.7% |
| GBP/CAD | 35.2% | 64.8% |
| GBP/JPY | 55.0% | 45.0% |
| GBP/USD | 51.1% | 49.0% |
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