Market Update: The UK Manufacturing Production.
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This article is originally referred from AvaTrade News.
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UK Manufacturing Production (MoM) Wednesday, January 10, 2018 at 09:30 GMT
British manufacturers finished 2017 on a positive footing. The 3 past months were the strongest months since 2014 in terms of demand for goods.
However, the reason why the numbers are so high is because European manufacturers demand larger numbers of goods. This may all come to an end once the Brexit comes into effect.
What do you think?
Will the UK Manufacturing Production continue to grow? Or will the GBPUSD take investors by surprise and drop?
The Manufacturing Production released by the National Statistics measures the manufacturing output (such as car parts, food products etc.).
A higher than expected reading should be taken as positive (bullish) for the GBP, while a lower than expected reading should be taken as negative (bearish).
Original Source: AvaTrade News