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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 |
|
|
1.2983 -524 pips |
1.3563 -56 pips |
1.35066 | |
| GBPJPY |
|
|
192.9365 -621 pips |
197.8964 +125 pips |
199.150 | |
| EURGBP |
|
|
0.8553 -100 pips |
0.8618 +35 pips |
0.86527 | |
| GBPCAD |
|
|
1.7987 -484 pips |
1.8542 -71 pips |
1.84705 | |
| GBPCHF |
|
|
1.0797 +30 pips |
1.0952 -185 pips |
1.07665 | |
| GBPNZD |
|
|
2.1989 -488 pips |
2.1893 +584 pips |
2.24774 | |
| GBPAUD |
|
|
2.0072 -457 pips |
2.0724 -195 pips |
2.05289 | |
| GBPNOK |
|
|
13.6623 -220 pips |
13.7319 -476 pips |
13.68434 | |
| GBPSEK |
|
|
12.8783 -287 pips |
13.1665 -2595 pips |
12.90705 | |
| GBPSGD |
|
|
1.7287 -7 pips |
1.7403 -109 pips |
1.72939 |
News (GBP)
UK Economy Contracts For Second Straight Month
The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 1 day ago
UK House Prices Remain Flat In June: Halifax
UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday. House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent. At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding
RTTNews | 5 days ago
UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 7 days ago
