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The British Pound strenghtened against the Greenback, following the UK Manufacturing PMI data release on Friday. The GBP/USD currency pair gained 11 pips, or 0.09%, to continue fluctuating in the 1.3294 area.
The Markit released Manufacturing Purchasing Managers Index data that came out better-than-expected of 54.4, compared to the 53.9 in the previous period.
"At first glance, the mild acceleration in the rate of output growth and rise in the headline PMI would appear positive," Rob Dobson, a Markit director, said. "However, scratch beneath the surface and the rebound in the PMI from April's 17-month low is far from convincing."
| Historical Data Table: UK Manufacturing PMI | Economic Calendar for 01.05.2018 | ||||||||
| Date | 01.02.2018 | 01.03.2018 | 03.04.2018 | 01.05.2018 | 01.05.2018 | 12:30 PM | US Average Hourly Earnings | ||
| Actual | 55.3 | 55 | 55.1 | 53.9 | 54.4 | 12:30 PM | US Non-Farm Employment | ||
| Forecast | 56.5 | 55.1 | 54.8 | 54.8 | 53.5 | 12:30 PM | US Unemployment Rate | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.32789 | 1.3291 | 0.09% | GBP/USD | 62.97% | 37.03% | |||
| EUR/GBP | 0.87963 | 0.8791 | -0.06% | EUR/GBP | 53.28% | 46.72% | |||
| GBP/CAD | 1.72001 | 1.72138 | 0.08% | GBP/CAD | 70.74% | 29.26% | |||
| GBP/JPY | 144.884 | 145.035 | 0.10% | GBP/JPY | 38.07% | 61.93% | |||