The UK manufacturing sector is not doing so well. While this isn’t a huge surprise, it isn’t good news.
GBP/USD remains pressured to the downside.
UK industrial output was expected to rise month over month but drop year over year. The same goes for manufacturing production.
GBP/USD was front-running the event with a drop to 1.4420 ahead of the publication. Early anticipation in the case of UK events is certainly not uncommon.
The Brexit debate continue grabbing most of he attention when it comes to sterling. For cable, the comeback of the greenback has been the dominant move.
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