On Monday morning, GBPUSD is trading a little bit upwards; investors have already analyzed the statistics.
The British Pound is looking neutral against the USD on Monday. The current quote for the instrument is 1.2845.
Last Friday, there were a lot of interesting numbers from the United Kingdom. First of all, the British GPD added 0.2% m/m in November after expanding by 0.1% m/m in October and against the expected reading of +0.1% m/m.
Another report, the Industrial Production, showed -0.4% m/m in November: the indicator continues falling and it’s no good, because it was expected to recover by 0.3% m/m. The Manufacturing Production also declined, -0.3% m/m, although market expectations were +0.4% m/m.
All these negative factors were slightly evened by the Construction Output, which increased by 0.6% m/m in November after not changing in the previous month and against the expected reading of +0.2% m/m.
Several more macroeconomic reports from the United Kingdom will be published only on Wednesday: the Consumer Price Index, the PPI Input and Output, and the HPI in December. Apart from them, investors are expecting the BoE Governor Mark Carney to speak on the same day. On Friday, the country will publish the Retail Sales report.
Due to the lack of new information, the key catalyst for the UK, the Brexit, went on the back burner for a while. In some way, it is even good, because it prevents GBPUSD from being too volatile.
Orgin: RoboForex
