A slowdown in UK manufacturing hits the pound: a drop of 0.7% m/m in manufacturing production contrary to +0.2% expected. Year over year we have a rise of 1.7% in comparison to 3.2% predicted. Industrial output dropped by 0.1% below a rise of 0.2% expected and year over year we have a rise of only 1.1%, significantly under 1.8% forecast. GBP/USD trades below 1.5650, sliding from the highs of the day. The UK was expected to report a rise of 0.2% in manufacturing production in October after +0.4% in September (before revisions). The wider industrial output number carried expectations for a rise of 0.3% after 0.6% beforehand. Last week, the manufacturing purchasing managers’ index edged up, and still pointed to growth. GBP/USD was on a recovery path towards the publication, trading around 1.5680 The high of the day was 1.5693. Later in the day, we have the GDP estimate for the three months ending in November by NIESR. The greenback extended its slide, retracing the NFP related gains. More: 1.5580 could be support in GBP/USD: Elliott Wave Analysis Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/USD Dec. 9 – Recovering to resistance as Greece Yohay Elam 7 years A slowdown in UK manufacturing hits the pound: a drop of 0.7% m/m in manufacturing production contrary to +0.2% expected. Year over year we have a rise of 1.7% in comparison to 3.2% predicted. Industrial output dropped by 0.1% below a rise of 0.2% expected and year over year we have a rise of only 1.1%, significantly under 1.8% forecast. GBP/USD trades below 1.5650, sliding from the highs of the day. The UK was expected to report a rise of 0.2% in manufacturing production in October after +0.4% in September (before revisions). The wider industrial output number carried expectations for… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
