Day: May 11, 2017

Great Britain Pound Weak Ahead of BoE Meeting

The Great Britain pound traded lower ahead of Bank of England policy meeting that will occur later today. The reason for the currency’s drop was the streak of rather weak macroeconomic indicators. UK industrial production fell 0.5% in March from February, a bit more than analysts had predicted (0.4%). Manufacturing production declined 0.6%, also more than was forecast (0.2%). Construction output was also down in March, […]