United Kingdom Industrial Production YoY
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 |
|
|
1.3128 -374 pips |
1.3514 -12 pips |
1.35021 | |
| GBPJPY |
|
|
193.3072 -517 pips |
197.7821 +70 pips |
198.480 | |
| EURGBP |
|
|
0.8572 -89 pips |
0.8657 +4 pips |
0.86611 | |
| GBPCAD |
|
|
1.8283 -264 pips |
1.8582 -35 pips |
1.85472 | |
| GBPCHF |
|
|
1.0805 +3 pips |
1.0992 -190 pips |
1.08016 | |
| GBPNZD |
|
|
2.2441 -449 pips |
2.2491 +399 pips |
2.28904 | |
| GBPAUD |
|
|
1.9968 -670 pips |
2.0767 -129 pips |
2.06380 | |
| GBPNOK |
|
|
13.5556 -179 pips |
13.6154 -419 pips |
13.57350 | |
| GBPSEK |
|
|
12.7820 -18 pips |
12.9470 -1632 pips |
12.78379 | |
| GBPSGD |
|
|
1.7280 -48 pips |
1.7500 -172 pips |
1.73278 |
News (GBP)
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 9 days ago
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 15 days ago
UK Labor Market Cools In Q2
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | 17 days ago
