The PMI manufacturing sector in December in the UK was of 56.1 points.
It’s highest level since June 2014.
The figure is significantly higher than expected, 53.3 points.
The explanation is the weakness of the pound which contributes to British exports, but on the other side it’s stressed the fear of a rapid rise in inflation.
The US dollar enjoyed a positive trend.
He rises against the Japanese yen by 0.2% to 117.36 yen and against the British pound and the Euro going up by 0.1%.
The British exports reached to a peak in October, according to official data released today in the kingdom and voted on narrowing the country’s trade deficit.
According to the UK Office of National Statistics, exports of goods trade deficit of the United Kingdom in October to 9.7 billion pounds (12.2 billion dollars), compared with 13.8 billion pounds in September.
The Euro is stable against the US dollar, to a rate of 1.076, after the publication of the growth figures in Europe.
The pound strengthened by 0.1% against the US dollar, to a rate of 1.275.
The rise of the US dollar ended yesterday.
Against the Euro it weakened by 0.4%.
Against the British pound the US dollar fell more than than 1.2%.
The English pound strengthened by 0.3% against the US dollar to a price level of 1.248 dollars to the pound, after the UK retail sales jumped sharply and more than expected in October.
The sales in October rose by 1.9% compared with September, when there was an increase of only 0.1%
The US Dollar falls against the Japanese yen by 0.1% and traded at a rate of 109.08 yen to the dollar.
The Euro rises against the US dollar by 0.2% and traded at a rate of 1.0744 dollars to the Euro.
The English pound rate against the US dollar has been declining for the second day after data released today showed unexpectedly that UK inflation slowed in October. The pound weakened against all 16 major currencies.
The consumer price index in October was 0.9%, compared with 1% in September.
The foreign exchange market:
The US dollar stays unchanged against the Euro and traded at a rate of 1.0890 dollars to the Euro.
The dollar falls by 0.5% versus the Japanese yen, and traded at a rate of 106.29 yen to the dollar.
The British pound jumps up versus the dollar by 0.7% and trades in the exchange of 1.2636 dollars to the pound.
Currencies:
The Euro lost 0.7% against the US dollar to 1.105 dollar.
The British pound falls to 0.8% against the US dollar and the Japanese currency versus the US dollar jumps by 1.3%.
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