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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 |
|
|
1.2935 -468 pips |
1.3406 -3 pips |
1.34031 | |
| GBPJPY |
|
|
187.6653 -682 pips |
194.8299 -34 pips |
194.490 | |
| EURGBP |
|
|
0.8494 -58 pips |
0.8554 -2 pips |
0.85520 | |
| GBPCAD |
|
|
1.7918 -458 pips |
1.8428 -52 pips |
1.83761 | |
| GBPCHF |
|
|
1.0985 -4 pips |
1.1199 -210 pips |
1.09891 | |
| GBPNZD |
|
|
2.1872 -475 pips |
2.2063 +284 pips |
2.23474 | |
| GBPAUD |
|
|
2.0039 -613 pips |
2.0803 -151 pips |
2.06515 | |
| GBPNOK |
|
|
13.3906 +51 pips |
13.5175 -1320 pips |
13.38549 | |
| GBPSEK |
|
|
12.8923 -503 pips |
13.1204 -1778 pips |
12.94257 | |
| GBPSGD |
|
|
1.7270 +19 pips |
1.7387 -136 pips |
1.72513 |
News (GBP)
UK Inflation Slows Slightly In May
UK consumer price inflation softened in May as the slowdown in transportation costs was largely offset by the rise in food prices and reinforced expectations that the Bank of England will maintain the interest rate steady this week. The consumer price index registered an annual increase of 3.4 percent, slightly slower than the 3.5 percent rise seen in April, the Office for National Statistics said
RTTNews | 14h 13min ago
UK Economy Contracts Most Since 2023
The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | 6 days ago
UK Jobless Rate Rises; Wage Growth Softens
The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 8 days ago
