The Great Britain pound slid today as UK macroeconomic data disappointed traders and led to doubts about recovery that now seems more fragile that it looked previously.
It was expected that manufacturing production will affect the pound significantly. It has indeed done so, but in a completely unexpected manner. Manufacturing production It was expected from July, while forecasts promised 0.3 percent growth. The trade balance deficit shrank only marginally, adding to disappointment.
GBP/USD sank from 1.6080 to 1.5976 as of 10:12 GMT today. GBP/JPY retreated to 155.46 after rising from 155.77 to 156.54 earlier.
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