The Great Britain pound rose against the euro today with the help of a relatively positive manufacturing report. The currency was less successful against the dollar, losing initial gains and falling below the opening level.
Britain’s manufacturing output rose 0.7% in January from the prior month exceeding analysts’ expectations. Industrial production expanded 0.3% after falling the month before, though the increase trailed forecasts. Overall, economic data was decent, but the concerns about the potential Brexit were still weighing on the sterling.
GBP/USD ticked down from 1.4214 to 1.4200 as of 13:57 GMT today, though the currency pair is currently trying to recover. EUR/GBP declined from 0.7745 to 0.7712.
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