Sterling inches up before UK growth data

2019-01-11 09:41:00 GMT (Economies.com)
Sterling inches up before UK growth data

Sterling rose in European trade on Friday on track for the second profit in three days versus the greenback, as the dollar sharpened its decline against a basket of main currencies, ahead of UK data later today. 

 

As of 07:15 GMT, GBP/USD rose 0.1% to 1.2755, with an intraday high at 1.2767, and a low at 1.2741. 

 

Sterling lost 0.35% on Thursday against the dollar, after marking a 0.6% profit in the previous day to a week high at 1.2803. 

 

Sterling is pressured by concerns over Brexit, with the Parliament vote on the issue nearing near week. 

 

The dollar index on the other hand fell 0.1% today after a hiatus from losses yesterday under pressure from lower bets of US rate hikes in 2019. 

 

Now investors await some UK data, with an index GDP expected with a 0.1% growth rate in November. 

 

Manufacturing production is expected with a 0.4% increase after a 0.9% drop in October, while industrial output is estimated with a 0.3% increase. 

 

UK trade deficit is expected to have decreased to 11.4 billion pounds in November from 11.9 billion in October. 

 
 
 
  Symbol Last Change Chg.%
1.1358
-0.0013
0.1170%
1.2684
-0.0056
0.4396%
15.299
-0.043
0.280%
58.867
1.265
2.196%
65.05
0.19
0.29%
1412.270
13.260
0.948%
 
 
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