Market foсus

On Friday, 10.11.2017, one should pay attention on 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 is 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 September, against the August value of 0.4%. The release of data within the forecast will put some pressure on the British currency. So, one should expect the decrease of  the pound against the US dollar within 30 points.

Alexander Sivtsov