Blog


UK Data surprisingly better than expectations

The pound recouped some of yesterday’s losses this morning as the Manufacturing and Industrial data came in slightly stronger than expectations this morning.

Surprisingly the industrial data increased at its fastest pace over the last month also the trade balance data came in stronger.

However, there was a big downturn with the data from the construction sector.

The Figures for the services sector are due to be released on Nov. 23, services sector makes up for a large majority of the UK Economy.

There was a sharp improvement in the goods trade deficit with non-European Union countries, which narrowed to 2.982 billion pounds – the smallest since May.

Brexit negotiations continues yesterday afternoon. We expect to see more pound volatility as negotiations have not been smooth thus far.

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the information commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers