LiteForex - Analytics

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GBP/USD: analysis and forecast on 11.02.2015

GBP/USD rose to a level of 1.5276 yesterday. The pound started to strengthen against the American dollar after data on UK production was released.  On the one hand, manufacturing production suffered a 0.2% month-on-month decrease though a 0.3% growth had been expected. The year-on-year value rose only by 0.5%.  On the other hand, the year-on-year growth in the processing industry exceeded all forecasts and equated to 2.4% against the expected 2.0%. 

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