The GBP/USD pair is trading to the downside after the United Kingdom published some macroeconomic statistics.
The British Pound continues falling against the USD on Friday. The current quote for the instrument is 1.2139 as it is being sold for the seventh consecutive trading session.
So, the Industrial Production in the country in January lost 0.4% m/m after expanding by 0.9% m/m the month before. Today’s reading matched expectations, but it didn’t do any good to investors. However, the decrease of the Manufacturing Production in January absolutely killed investors’ mood: the indicator lost 0.9% m/m after adding 2.2% m/m in the previous month and against expectations of -0.4% m/m. Concurrently, the Construction Output weakened as well – in January, the indicator decreased by 0.4% m/m after adding 1.8% m/m in December and against expectations of 0.3% m/m.
The Consumer Inflation Expectations in the United Kingdom in the fourth quarter 2016, 2.9%, were a bit better than the previous number, 2.8%.
The British Goods Trade Balance in January 2017 was £-10.8B, which is better than expected. However, it barely influenced the overall negative picture.
One can see that the Export and Import parameters in the Trade Balance remain the same for another month: the Export is looking a bit better than the Import.
RoboForex Analytical Department