Heavy industry data for March showed further declines in the construction industry which are particularly concerning to economists
The Pound extended its slide lower Tuesday as markets responded to the latest IHS Markit manufacturing PMI, which appeared to suggest the recent economic slowdown may have extended into the second-quarter.
The Pound pared back earlier gains during the morning session Wednesday after the latest round of industrial data from the Office for National Statistics showed output from Britain’s manufacturing and construction sectors surprising on the downside for the month of February.
Despite explosive gains for the Pound-Dollar rate, the trade weighted Sterling remains flat and manufacturing order books are still healthy. Economists say Britain's industrial boom can continue.
UK manufacturing output has grown 3% since the referendum when it should have grown by around 11%, according to Bank of America, who observe that links between UK and European industrial sectors are already weakening.
Tuesday’s industrial data could make or break the economic narrative around Sterling ahead of November’s Bank of England monetary policy meeting
If economists are correct about July’s manufacturing performance, then the month will have saw the strongest pace of growth for the sector during the year to date.
The post-referendum weakness in the Pound has helped Manufacturer’s order books swell this summer, according to a recent report by the Consortium of British Industry (CBI).
The British Pound will be subject to the release of official trade and manufacturing data at 09:30 B.S.T.
The CBI reports that production among UK manufacturers grew at the fastest pace since January 1995 in the three months to July.
The disappointment on today's data releases is a massive one; of the scope that tends to move currency markets.
Manufacturing firms reported that both their total and export order books had strengthened to multi-decade highs in June, according to the CBI’s latest Industrial Trends Survey.
The UK data pulse gives us its next tick on Friday, April 7 with the release of Manufacturing and Industrial Production data from the ONS at 09:30 B.S.T.
Pound Sterling exchange rates are likely to be driven by data ahead of the weekend - here are the numbers to look for and the potential foreign exchange reactions.
A surprise jump in UK manufacturing and industrial production activity confirms the economy remains defiant in the face of forecasts for a slowdown in 2017.
Industrial and manufacturing data from the ONS out mid-week was incredibly poor.
The new week has not favoured Pound Sterling with the only bright spot appearing to be its ability to remain in touching distance of the Euro.
Any hopes for a recovery in Pound Sterling on Friday were dashed by underwhelming data on manufacturing and production from the ONS.
Sterling remains highly sensitive to risk sentiment associated with Brexit as we evidenced by the sharp declines witnessed through the opening days of October.
CBI monthly Industrial Trends Survey: Manufacturing output continues to expand at a solid rate.
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