Chinese yuan is in focus
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
The economic data may support the GBP
Information is not investment advice
Great Britain will publish GDP growth and manufacturing production on September 9, at 11:30 MT time. GDP growth represents the change in the total value of all goods and services. It is the broadest measure of a country’s economic activity. As for the indicator of manufacturing production, it shows the change in the total inflation-adjusted value of production released by manufacturers. Last time, the figures of both indicators came out lower than the forecasts. Despite the forecast of an increase by 0.1%, the level of GDP had not changed since the previous period, while manufacturing production declined by lower-than-expected 0.2%. Thus, the indicators weakened the pound. Let’s see whether the releases push the British currency up this time.
• If the releases are higher than the forecasts, the GBP will rise;
• If the releases are lower than the forecasts, the GBP will fall.
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Chinese yuan is in focus
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
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China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
US stimulus package improved sentiment
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