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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.
In October, the United Kingdom recorded a greater budget deficit than anticipated, as follows from first borrowing figures, since finance minister Philip Hammond pledged an end to austerity was over there…
Find out about the most important market movers from today's digest!
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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