The Sterling received some pips against the US Dollar on the upbeat UK manufacturing report. The GBP/USD currency pair ran into confrontations between bears and bulls, touching the intraday lowest and highest levels of 1.3485 and 1.3563,respectively.
The UK industrial output appeared to provide a solid contribution to the country's economic expansion in 2017 final months, while construction was set to drag, official release indicated. Britain's industrial production grew a monthly 0.4% in November, fuelling the annual increase of 2.5%. Despite the economic slowdown in the most of 2017 due to higher inflation, the exporters enjoyed better year, thanks to weaker Sterling and strengthening in the Euro zone's economy.
| Historical Data Table: UK Manufacturing Production m/m | Economic Calendar for 11.01.2017 | ||||||||
| Date | 08.09.2017 | 10.10.2017 | 10.11.2017 | 08.12.2017 | 10.01.2018 | 1:30 PM | US PPI m/m | ||
| Actual | 0.5% | 0.4% | 0.7% | 0.1% | 0.4% | 1:30 PM | Canadain NHPI m/m | ||
| Forecast | 0.3% | 0.2% | 0.3% | 0.1% | 0.3% | 7:00 PM | US Federal Budget Balance | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.35171 | 1.3524 | 0.05% | GBP/USD | 51.37% | 48.63% | |||
| EUR/GBP | 0.8839 | 0.88318 | -0.08% | EUR/GBP | 28.80% | 71.20% | |||
| GBP/CAD | 1.68304 | 1.68391 | 0.05% | GBP/CAD | 74.78% | 25.22% | |||
| GBP/JPY | 151.106 | 151.184 | 0.05% | GBP/JPY | 25.15% | 74.85% | |||