The stability of the British pound in anticipation of the key sectors data

The pound settled during the Asian market on Friday, within a limited range of trading against the US dollar, after two days of gains, as investors awaited key sectors data for the British economy, which issued exceptionally in an attempt to clarify the implications of British secession on the economic track , the dollar index rose slightly after losing yesterday, and the US economy is waiting government data on the manufacturing sector during July.

The pound

The pound ended trading yesterday, up by 0.3 percent, the second daily gain in a row, after the US currency dollar decline overwhelmed the negative data in London showed a decline than expected of retail sales during June in a sign of poor performance of the British economy during the second quarter of this year.

GBP against the US dollar by 07:20 GMT, trading at 1.3230 from an opening price of 1.3230 after recording the highest price of 1.3258, and the lowest of 1.3210.

The pound settled during the Asian market on Friday, within a limited range of trading against the US dollar, with investors awaited important data for the manufacturing and service sectors during July , issued exceptionally in an attempt to clarify the implications of British secession on the economic track.

Published by 08:30 GMT British manufacturing PMI expected 47.8 points during July from 52.1 points in June, and services PMI forecast at 48.9 points from 52.3 points, the level of 50 break point between contraction and growth in key sectors.

U.S. dollar

The dollar index fell yesterday by 0.3 percent, the first daily loss in three days, within a correction and profit taking, after recording the day before yesterday the level of 97.36 highest point in four months, and correction operations overshadowed the positive data released yesterday in Washington showed a decline in unemployment claims for the week ending July 16th and higher-than-expected sales of existing homes in June.

The dollar index is trading by the time 07:25 GMT around the level of 96.98 points from the opening level of 96.92 points, and recorded the highest level of 97.02 points and 96.87 points, the lowest level.

The dollar index rose slightly during the Asian market on Friday, trying to compensate its losses yesterday, and the US economy is waiting later in the day, government data on the manufacturing sector during the current month, the initial reading of the index of Industrial PMI 51.9 points in July from 51.3 points in June .