The stability of the British pound against the US dollar awaiting the British industrial data

The pound has stabilized during the Asian market on Wednesday against most major currencies, near its highest level in a week against the US dollar, as investors awaiting  important data on the industrial sector output during April, to measure the performance of the British economy during the second quarter of this year, and the dollar index down for the day the second in a row to its lowest level in four weeks with the continued sale of US currency operations after receding the stakes of raising interest rates during the months of current June and next July this next.

The pound

The pound yesterday rose 0.2 percent against the US dollar, recording its highest level of $ 1.4656 in a week, based on the weakness of the US currency dollar, in addition to receding concerns about the separation of the United Kingdom of the European Economic Union after the emergence of some polls showing the direction of the majority of British voters to vote on the survival of their country within the EU in the referendum to be held on 23, the current-June.

GBP against the US dollar by at 07:38 GMT, trading at 1.4542 from an opening price of 1.4542 after recording the highest price of 1.4559, and the lowest of 1.4525.

The pound has stabilized during the Asian market on Wednesday against the US dollar, within a limited range of trading near the highest level in a week, with the investors awaiting the important data about the industrial sectors output in Britain, in order to measure the extent of the improvement in the royal economy during the second quarter of this year, where those outputs represent more than 25 percent of the strength of the economy.

Released by 08:30 GMT Manufacturing production for the month of April and is expected to rise 0.0% from 0.1% percent in March, and industrial production for the same month expected to rise 0.0% of the 0.3% rise in in the previous month.

U.S. dollar

The dollar index ended yesterday's trading down more than 0.1 percent, with the accelerated sale of US currency operations again against most currencies, especially after the decline in bets that the Federal Reserve will raise US interest rates during one of  June current or July next meetings.

In June 14 to 15 meeting, bets to increase interest rates fell to 2 percent from 22 percent early last week, and during the July meeting to 22 percent from 55 percent, due to disappointing new jobs data in the United States and the statements of Janet Yellen President of the Federal reserve.

By 07:45 GMT, the dollar index is trading around the level of 93.71 points from the opening level of 93.84 points, and recorded the highest level of 94.08 points and the lowest level of 93.67 points, the lowest since May 11 last.

The dollar index fell during the Asian market on Wednesday, extending losses for the second day in a row to its lowest level In four weeks 93.67 points, with continued selling the US currency operations against most currencies, and the US economy is waiting later in the day important data about the labor market with the release of the number of vacancies, expected 5.67 million In April from 5.76 million In March.