News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
British Pound Rises Following Factory-Production Data

British Pound Rises Following Factory-Production Data

David Maycotte,

Talking Points:

  • Industrial Production and Manufacturing Production at Highest Level Since 2011
  • UK Industrial Production 2.9% y/y in Jan vs. 1.9% in Dec.
  • British Pound Rises Against the US Dollar After Data Crossed the Wires

Get Real-Time Feedback on Your Trades with DailyFX on Demand!

U.K. factory-production activity output increased in January as both industrial- and manufacturing- production rose to the highest level since early 2011. Industrial production output rose by 2.9 percent year-on-year in January, but missed estimates calling for a print of 3.0 percent. Manufacturing production year-on-year came in line with estimates reporting output of 3.3%. The British Pound rose against the US Dollar after the data crossed the wires, but the move may reflect speculation of an imminent rise in the benchmark interest rate. Bank of England Governor Carney sees a faster recovery in 2014.

GBP/USD 5-Minute Chart. March 11, 2014

Forex_-_British_Pound_Rises_Following_Factory-Production_Data__body_Picture_1.png, British Pound Rises Following Factory-Production Data

Charted created by David Maycotte using Marketscope 2.0.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.