Post Tagged with: "GBP/USD"
British Manufacturing Production Dives by 0.7%, GBP/USD Down
British Manufacturing production fell by 0.7%. Early expectations stood on a small drop of only 0.1%. The wider figure of industrial production also fell by 0.7%, more than 0.3% that was expected. Pound/dollar is ticking down after the publication, getting closer to 1.5633. GBP/USD floated around the 1.5633 line prior to the release, climbing up
GBP/USD: Trading British Manufacturing Production
The British Manufacturing Production indicator provides analysts and traders with a snapshot of the health of the manufacturing sector. A reading which is higher than the market prediction is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background The British Manufacturing
GBP/USD: Trading the US CB Consumer Confidence Index
The Conference Board Consumer Confidence Index is based on a monthly survey of about 5,000 U.S. households regarding their opinion of the economy. Traders should pay close attention to its release, which always has a strong impact on market prices. A higher reading than the market forecast is bullish for the dollar. Here are all
No Change in British GDP in Q3
According to the first revision of British GDP, the British economy still grew by 0.5% in Q3. Early expectations stood on no change to the initial estimate, so there´s no surprise here. Another figure published at the same time disappointed: business investment dropped by 1.4% in Q3. A drop of 0.5% was expected. It’s important to
British Unemployment on the Rise
Britain’s unemployment rate for September rose to 8.3%. Early expectations stood on a rise from 8.1% to 8.2%. Youth unemployment is at 21.9% or 1.02 million. The number of jobless claims for October rose by 5.3K, less than expected (Claimant Count Change). GBP/USD reacts with a small drop and lost the 1.58 line it managed
British Inflation at 5%
The Consumer Price Index in the UK slid from 5.2% to 5%, a bit under 5.2% that was expected. The Retail Price Index (RPI) dropped from 5.6% to 5.4%, also below a drop to 5.5% that was expected. On the other hand, Core CPI ticked up from 3.3% to 3.4%. GBP/USD is bouncing higher following
GBP/USD: Trading the British Claimant Count Change
The British Claimant Count Change measures the change in the number of people claiming unemployment benefits. Along with the Unemployment Rate indicator, which is released at the same time, it provides a snapshot of the employment situation and is a market-mover for GBP/USD. Here are the details and 5 possible outcomes for GBP/USD. Published on Wednesday
British Manufacturing Production Rises as Expected – GBP/USD Ticks Up
The output of Britain’s manufacturing sector rose by 0.2% in September. Early expectations predicted this exact outcome. The wider industrial production figure remained unchanged. A rise of 0.1% was expected. GBP/USD reacts with a small rise. The pair is ticking up to 1.6075. It approached 1.690 earlier. Resistance awaits at 1.6110. The month of October
UK Services PMI Slides More Than Expected
Britain’s services sector has slowed down in October according to the fresh purchasing managers’ index: the score dropped from 52.9 to 51.3, more than a drop to 51.9 that was expected. The impact on GBP/USD is minimal, as this surprise isn’t so dramatic. Britain’s construction sector provided an upside surprise by jumping to 53.9 points,
British Construction PMI Jumps, GBP/USD Unconviced
According to the latest purchasing managers’ index for October, Britain’s construction sector is growing nicely once again: the score rose from 50.1 to 53.9 points. Early expectations stood on no change. 50 points is the line that separates contraction from expansion. GBP/USD rose a bit at first, but then dropped back down to around 1.60.