UK manufacturing slowdown is neglected by British pound

UK manufacturing slowdown is neglected by British pound

On Thursday, the British pound held its revenues versus the evergreen buck notwithstanding data disclosing that in January British factory surge stepped down to a seven month minimum because new orders along with output slowed.

The currency pair GBP/USD rallied 0.40% being worth 1.4245, staying below a session maximum of 1.4274.

Markit, research company informed that in January the British manufacturing purchasers’ index went down, reaching 55.3 versus December’s reading of 56.2.

By the way, market experts had predicted a result of 56.5.

It shows that surge stepped down, although it’s still fluctuating over the long-term average.

The informed that the previous month output surge as well as new order growth inched down, while raw material costs edged up. It backed input costs and made businesses lift prices.

Market experts pointed to rather an undesirable combination of soaring prices and slower surge in the beginning of this year. They added that demand will require strengthening in the short term to avert further surge momentum being lost soon.   

Demand for the UK currency kept being supported by everlasting weakness in the evergreen buck as well as optimism as for the British economy and also the prospect of a Brexit pact, which appears to be more advantageous to Great Britain.

The British pound ascended a bit versus the common currency, with EUR/GBP losing 0.13% trading at 0.8735.

As for the euro zone, Thursday’s data revealed that in January factory ascend was still firm.

The euro zone manufacturing PMI demonstrated 59.6, which is a bit down from December’s record maximum of 60.6.

Besides this, the common currency managed to ascend versus the greenback, with EUR/USD soaring 0.27% hitting 1.2446, which is not far from the more than three year maximum of 1.2537 hit the previous week.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

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.


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