Weaker numbers of Manufacturing production thrown the GBP down (Trade Balance data helped bears to win)
Event Actual (deviation) Prognosis
UK Goods Trade Balance
UK Goods Trade Balance -14.03£ (-2.68£) -11.35 £
UK Total Trade Balance -5.28£ (-2.78£) -2.5 £
UK Manufacturing Production [y/y] 1.4% (-1.7%) 3.1 %
UK Industrial Production [m/m] -0.8% (-1%) 0.2 %
UK Manufacturing Production [m/m] -1.4% (-1.7%) 0.3 %
There was the Sell2 signal from our side, as deviation was -1.7% on manufacturing production.
The signal arrived before market reaction.
Hmm.. Brexit in action? It seems there will be much more speculations around the possibility for the BoE’s rate hike this year.
Pay attention to the next important event coming: Average Earnings Including Bonuses (12.06.2018)
Se the Full schedule of the next Trading Signals