DJIA26770.20
LIVE-255.68(-0.95%)
NDX7868.49
LIVE-73.65(-0.93%)

GBP/USD Upside Capped Near 1.3080 Following UK Data


Wednesday, 10 April 2019 16:22 WIB

PoundsterlingGBP/USD


c_740_198_16777215_00_images_assets_CURRENCY2_US-Dollar-Exchange-Rate-Today.jpg

The Sterling is trading on a firm note on Wednesday and takes GBP/USD to the 1.3080 region, coincident with the relevant 200-hour SMA.

The British Pound has resumed the upside today following a better tone in the risk-complex and auspicious results from the UK industrial sector.

In fact, Industrial Production expanded at a monthly 0.6% during February and Manufacturing Production rose 0.9% from a month earlier, both prints coming in above expectations.

Further data saw the trade deficit shrinking a tad to £14.11 billion in February from January’s £14.62 billion deficit, Construction Output expanding 0.4% from a month earlier and the GDP expanding at a monthly 0.2% on the 3-month basis ended in February.

Back to Brexit, EU leaders will discuss a longer extension of Article 50 deadline at today’s Summit in Brussels. In this regard, latest news signals to a potential extension of up to one year with the chance of leaving earlier, according to EC’s D.Tusk.

Source : FX Street


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.