10 Jan 2014
EUR/GBP strengthens ahead of UK industrial production numbers
FXstreet.com (London) - ="">EUR/GBP has strengthened on better-than-expected French industrial production data. Data from national statistics agency Insee showed that industrial production increased by 1.3 percent in November from the previous month.
However Insee also revised the October figure to a fall of 0.5 percent, rather than the previously reported 0.3 percent drop.
UK industrial production may miss consensus
Today’s UK industrial production data due ay 9:30 GMT is expected to show a 0.4 percent gain month-on-month, matching October growth. Momentum may see industrial production shift to the downside of expectations, but remain in expansionary territory for the quarter. Recent PMI numbers suggest a continuation of growth into the first quarter of 2014.
EUR/GBP is currently trading at GBP0.8271, up 0.16 percent on the opening of GBP0.8257.
However Insee also revised the October figure to a fall of 0.5 percent, rather than the previously reported 0.3 percent drop.
UK industrial production may miss consensus
Today’s UK industrial production data due ay 9:30 GMT is expected to show a 0.4 percent gain month-on-month, matching October growth. Momentum may see industrial production shift to the downside of expectations, but remain in expansionary territory for the quarter. Recent PMI numbers suggest a continuation of growth into the first quarter of 2014.
EUR/GBP is currently trading at GBP0.8271, up 0.16 percent on the opening of GBP0.8257.