the british pound continues to rise ahead of UK manufacturing data
The pound rose in the European...
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| the british pound continues to rise ahead of UK manufacturing data |
The pound rose in the European market on Tuesday against a basket of global currencies,
continuing to rise for the fifth day in a row against the US dollar near the highest level in four weeks,
taking advantage of the continued sale of the US currency at the beginning of the New Year,
and investors are looking later today important data On the manufacturing sector in Britain,
one of the most important indicators of measuring the recovery of the royal economy during the fourth quarter / 2017.
The British pound was up 0.2% at 06:59 GMT, trading at $ 1.3522, opening at $ 1.3490, and a high of $ 1.3325, and a low of $ 1.3489.
The pound ended Friday's session in the last session of 2017, up 0.5% against the US dollar, its fourth straight gain daily, rising at a four-week high of $ 1.3544, taking advantage of the US currency's contraction against most major and minor currencies.
The pound gained 1% against the US dollar last week, the second weekly gain in a row as the US currency fell, as well as rising long-term bond yields in Britain.
Investors are looking at manufacturing data in the UK last month, signaling a recovery in the royal economy during the fourth quarter of 2017. The Bank of England lowered its economic growth forecast for 2017 and 2018 due to weak domestic demand.
By 09:30 GMT, the expected PMI is expected to reach 58.0 in December, and the index reached 58.2 in November.
Over the past year, sterling has gained 9.5% against the US dollar, making its first annual gain since 2013, and the biggest annual gain since 2009, the global financial crisis.
The strong annual gains of the monarchy in 2017 are due to several economic and political reasons, the evolution of the country's commissioners from the European Union, and the decisions of the Bank of England.
One economic reason is to keep the monarchy on track in 2017, despite the country entering into strong states of separation from the European Union and concerns about the impact of the exit process on the road to economic growth.
Among the economic reasons, one of the main reasons for the British currency's large rise during 2017 is the acceleration of British inflation until November, the highest target for the central bank at 2% for the tenth month in a row, and recorded the latest reading for the month of November, the highest level in five and a half years.
continuing to rise for the fifth day in a row against the US dollar near the highest level in four weeks,
taking advantage of the continued sale of the US currency at the beginning of the New Year,
and investors are looking later today important data On the manufacturing sector in Britain,
one of the most important indicators of measuring the recovery of the royal economy during the fourth quarter / 2017.
The British pound was up 0.2% at 06:59 GMT, trading at $ 1.3522, opening at $ 1.3490, and a high of $ 1.3325, and a low of $ 1.3489.
The pound ended Friday's session in the last session of 2017, up 0.5% against the US dollar, its fourth straight gain daily, rising at a four-week high of $ 1.3544, taking advantage of the US currency's contraction against most major and minor currencies.
The pound gained 1% against the US dollar last week, the second weekly gain in a row as the US currency fell, as well as rising long-term bond yields in Britain.
Investors are looking at manufacturing data in the UK last month, signaling a recovery in the royal economy during the fourth quarter of 2017. The Bank of England lowered its economic growth forecast for 2017 and 2018 due to weak domestic demand.
By 09:30 GMT, the expected PMI is expected to reach 58.0 in December, and the index reached 58.2 in November.
Over the past year, sterling has gained 9.5% against the US dollar, making its first annual gain since 2013, and the biggest annual gain since 2009, the global financial crisis.
The strong annual gains of the monarchy in 2017 are due to several economic and political reasons, the evolution of the country's commissioners from the European Union, and the decisions of the Bank of England.
One economic reason is to keep the monarchy on track in 2017, despite the country entering into strong states of separation from the European Union and concerns about the impact of the exit process on the road to economic growth.
Among the economic reasons, one of the main reasons for the British currency's large rise during 2017 is the acceleration of British inflation until November, the highest target for the central bank at 2% for the tenth month in a row, and recorded the latest reading for the month of November, the highest level in five and a half years.
This increased inflationary pressure prompted the Bank of England to raise interest rates by 25 basis points to 0.50% in the first increase in UK interest rates since the beginning of 2007. The Bank indicated that any future rate increase would depend on the economy and data, Country from the
European Union.
European Union.
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