{"id":79259,"date":"2015-10-07T05:09:51","date_gmt":"2015-10-07T09:09:51","guid":{"rendered":"http:\/\/countingpips.com\/?p=79259"},"modified":"2015-10-07T07:10:51","modified_gmt":"2015-10-07T11:10:51","slug":"sterling-strengthens-after-upbeat-uk-industrial-production-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/sterling-strengthens-after-upbeat-uk-industrial-production-data\/","title":{"rendered":"Sterling strengthens after upbeat UK industrial production data"},"content":{"rendered":"<div id=\"inves-3783034834\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 7, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>Sterling strengthened against the dollar and versus the euro after data on Wednesday showed UK industrial output had recovered better than expected from a July slump.<br \/>\nIndustrial production growth beat forecasts in both monthly and annual terms.<\/p>\n<p>Overall industrial output, which includes Britain\u2019s oil and gas sector, rose 1.0 percent in August compared with July, leaving production 1.9 percent higher than a year earlier.<\/p>\n<p>Meanwhile, manufacturing rose by a monthly 0.5 percent, above economists\u2019 average forecast of a 0.3 percent rise. It had plunged by 0.7 percent in July, when output was hit by earlier than usual summer shutdowns of car plants. But compared with August last year, manufacturing output was down 0.8 percent.<\/p>\n<p>The pound surged against the dollar to its highest in more than two weeks after the data to back above $1.53 for the first time since September 23.<\/p>\n<p>The pound also gained versus the euro, hitting a 10-day high of 73.43 pence per euro immediately after the data.<\/p><div id=\"inves-3879382189\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>UK government bond futures extended losses by around 10 ticks after the data and 10-year gilt yields gained to their highest since September 25 at 1.850 percent, 5 basis points up on the day.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime Sterling strengthened against the dollar and versus the euro after data on Wednesday showed UK industrial output had recovered better than expected from a July slump. Industrial production growth beat forecasts in both monthly and annual terms. Overall industrial output, which includes Britain\u2019s oil and gas sector, rose 1.0 percent in August [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-79259","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=79259"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79259\/revisions"}],"predecessor-version":[{"id":79272,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79259\/revisions\/79272"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=79259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=79259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=79259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}