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Manufacturing production is a leading indicator of Britain’s economic health. It makes up 80% of the country’s total industrial production. As a result, this release has a great impact on the pound’s exchange rate. Production is correlated with employment and earnings. Moreover, the indicator quickly reacts to ups and downs of the business cycle.
The UK economy suffered a lot because of the Brexit deal so every piece of economic statistics is very important. If manufacturing production turns out to be better than expected, the pound will get support. Otherwise, the data will signal further weakness of the UK economy, and the British pound will decline.
• If the data is greater than the forecast, the British pound will appreciate.
• If the data is weaker than the forecast, the British pound will go down.
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Fed, BOJ and British MPC will make their monetary policy statements during this week. What else will move the market? Find out from the news!
In December, Germany's private sector expansion speeded down to a four-year minimum, as a survey disclosed…
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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