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UK Data Leave GBP Price Little Changed as Brexit Dominates | Webinar

UK Data Leave GBP Price Little Changed as Brexit Dominates | Webinar

2018-10-10 09:15:00
Martin Essex, MSTA, Analyst
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GBPUSD price, news and analysis:

  • Mixed UK data for August have failed to move the British Pound or London stocks very far.
  • For traders in UK assets, Brexit continues to dominate trading and will likely determine their future direction.

Check out the IG Client Sentiment data to help you trade profitably.

UK economy little changed in August

The UK economy remained stable in August, according to the latest economic data.

Trade and construction figures were broadly worse than expected while industrial production numbers were broadly better than predicted. The GDP statistics for the month were mixed.

Overall, that sent GBPUSD modestly lower.

GBPUSD Price Chart, Five-Minute Timeframe (October 10, 2018)

Latest GBPUSD price chart.

Chart by IG

Looking ahead, the Brexit negotiations between the UK and the EU will likely determine the future direction of GBP and London stocks, as I explained in this webinar before and after the data.

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--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

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

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