British industry ascends, although Brexit still affects the economy

British industry ascends, although Brexit still affects the economy

In September, the UK industry reported its strongest month so far in 2017, and the trade deficit happened to narrow, providing some upbeat signs for the British economy, facing a potentially tough 2018 as Brexit is getting closer.

The figures issued on Friday hinted that manufacturing might get down to counteracting a consumer-led slowdown, providing some vindication to the Bank of England that increased interest rates for the first time in more than 10 years the previous week.

The British pound rallied to a day's maximum versus the greenback after the data.

Stronger global surge along with the effect of the weaker UK currency seems to be visible in the British manufacturing numbers.

However, the Office for National Statistics also posted a 1.6% monthly dive in construction, while separate figures issued on Friday disclosed that UK shops had their worst October for sales in a decade.

Similar

Will oil change the trend after OPEC meetings?
Will oil change the trend after OPEC meetings?

Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera