Sunday 12 February 2017

The dollar rose to 2-week high (Part 2)

GBP/USD exchange rate decreased by 0.27% to 1.2484.
National Statistical Service of the UK (ONS) on Friday reported an increase in production in the UK manufacturing industry by 2.1% in December against the forecast for increase by 0.5%. Compared with the same period last year, the volume of production in the UK manufacturing grew by 4.0% in December.
The report also stated that the UK industrial production rose by 1.1% in December against an expected rise of 0.2%.
According to the report, the UK trade balance deficit in December narrowed to £10.89 billion, compared to £11.56 billion on November (originally defined value in November was £12,16 billion). Analysts had expected, that the UK trade balance deficit in December was £11,50.
Currency pair USD/JPY rose by 0.17% to 113.45 - the highest value since February 1, and the USD/CHF fell by 0.19% to 1.0036.


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