Market Focus

On Wednesday, January 10, 2013, it is worth paying attention to the data on the volume of production in the manufacturing industry in the UK for July. Industrial production measures the change in overall production in the UK. This gives us a good indicator of strength in the industrial sector. The manufacturing industry accounts for about 80% of total industrial production.

According to the forecast, production in the manufacturing industry grew by 0.3% in November, against the October growth of 0.1%. The release of data within the forecast will provide some support to the British currency, against which one should expect the pound to rise against the US dollar within 30 points.

Alexander Sivtsov