Sterling higher despite no data releases

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Friday, Aug 11 2017

Sterling higher despite no data releases

The pound got a well needed boost yesterday just when it began to flounder at the lows and it looked as though it might fall further. The manufacturing production data came in as per expected at 0.0% but the reading from last month was revised higher.

This was good news for the pound as it is probably an indication that the UK economy is getting back on track after having had choppy incoming data over the last few weeks. Pair currently broke 1.30 handle.

More in this category: « US CPI rose less than expected China's Industrial Production figures missed market forecasts »

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