United Kingdom Industrial Production MoM
The output of enterprises that are included in the industrial sector of the economy is measured by Industrial production in the United Kingdom. The most important industry is manufacturing, accounting for 70% of overall production. Food, beverages, and tobacco (11% of total production), transportation equipment (9%), basic metals (8%), miscellaneous manufacturing and repair (6%), medical products and preparations (6%), rubber and plastic products and non-metallic mineral products (6%), are the most important segments within Manufacturing. Mining and quarrying account for 12% of total production, with oil and gas extraction, accounts for 10% of total production. 11% of total output is accounted for by electricity, gas, steam, and air conditioning, while 8% is accounted for by water supply, sewerage, and waste management.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.2375 +7 pips |
1.2523 -155 pips |
1.23680 | |
| GBPJPY |
|
|
185.1698 -614 pips |
191.2275 +8 pips |
191.310 | |
| EURGBP |
|
|
0.8572 -33 pips |
0.8621 -16 pips |
0.86050 | |
| GBPCAD |
|
|
1.6828 -196 pips |
1.7098 -74 pips |
1.70240 | |
| GBPCHF |
|
|
1.1141 -118 pips |
1.1401 -142 pips |
1.12590 | |
| GBPNZD |
|
|
2.0792 -210 pips |
2.0897 +105 pips |
2.10020 | |
| GBPAUD |
|
|
1.8945 -334 pips |
1.9374 -95 pips |
1.92790 | |
| GBPNOK |
|
|
13.7225 +945 pips |
0 +136280 pips |
13.62800 | |
| GBPSEK |
|
|
13.3497 -1569 pips |
0 +135066 pips |
13.50660 | |
| GBPSGD |
|
|
1.6813 -24 pips |
1.6952 -115 pips |
1.68367 |
News (GBP)
UK Retail Sales Stable In March
UK retail sales were unchanged on a month-on-month basis in March, defying expectations for a gain, preliminary data from the Office for National Statistics showed Friday. Retail sales including automotive fuel grew 0.1 percent in the previous month. Economists were looking for a 0.3 percent gain for March.
RTTNews | 22h 26min ago
UK Inflation Slows Less Than Forecast
UK consumer price inflation softened less than expected in March but hit the lowest in two-and-a-half years on food prices, adding uncertainty to the timing of the first interest rate cut from the Bank of England. Inflation weakened to 3.2 percent in March from 3.4 percent in February, the Office for National Statistics reported Wednesday.
RTTNews | 2 days ago
UK Unemployment Rate Rises; Wage Growth Slows
The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was seen at 4.0 percent.
RTTNews | 3 days ago
