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UK Industrial Production [m/m]
UK Industrial Production [m/m] (IP) is traded together with the UK Manufacturing Production [m/m] (MP). The MP is part of the IP and is used in the conflict prevention system since their varied parameters can affect the strength of movement of the trading pair.
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How to trade UK Industrial Production [m/m]
If the data is published above the forecast, GBPUSD grows, and vice versa.
Industrial production in the UK has a limited influence on the market and works well in the direction of market sentiment (for example, when the Bank of England's monetary policy tightening is expected, the buy at the time of release may be stronger than the sale). As a rule, the movement of the pound at the time of publication is limited.
To trade this indicator, it is necessary to take into account its Manufacturing Production component. Both indicators are included in the conflict prevention system, and the signal may occur due to the deviations of the fact of the news from the forecast for both of them, that is, MP and IP are traded. As a rule, industrial production triggers will be lower as the indicator is stronger and gives more volatility.
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