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Forex News: Pound Falls Ahead Of U.K. Industrial Production, Trade

Pound Falls Ahead Of U.K. Industrial Production, Trade Balance

02/10/2017 - 04:25:00 (RTTNews)

(RTTNews) - At 4:30 am ET Friday, the Office for National Statistics publishes U.K. industrial output, foreign trade and construction output figures, all for December. U.K. industrial production is forecast to rise 0.2 percent month-on-month, slower than the 2.1 percent increase in November. The visible trade deficit is expected to narrow to GBP 11.45 billion in December from GBP 12.16 billion a month ago.

Ahead of these data, the pound fell against its major rivals.

As of 4:25 am ET, the pound was trading at 0.8527 against the euro, 1.2509 against the Swiss franc, 1.2475 against the U.S. dollar and 141.74 against the yen.

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