Online consultant



UK Manufacturing Production rises by 1.1% MoM in November, a big beat

Britain’s industrial sector witnessed a solid recovery in November, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Friday.

Manufacturing output arrived at 1.1% MoM in November versus 0.2% expectations and 0.1% booked in October while total industrial output came in at 0.7% vs. 0.2% expected and -0.5% last.

On an annualized basis, the UK manufacturing production figures came in at 0.4% in November, beating expectations of -0.3%. Total industrial output rose by 0.1% in the eleventh month of the year against a 0.5% reading expected and the previous 0.2% print. 

Separately, the UK goods trade balance numbers were published, which arrived at GBP-11.337 billion in November versus GBP-14.20 billion expectations and GBP-13.93 billion last. Total trade balance (non-EU) came in at GBP-5.665 billion in November versus GBP-8.618 billion previous.

Related reads

  • GBP/USD stays unfazed above 1.37 after UK GDP beats estimates with 0.9% in November
  • Forex Today: Dollar stays under pressure ahead of key US data

You may also be interested:

00:07 22.01.2022
GBP/JPY slumps back to 154.00 level as risk-off flows, weak UK data hit sterling and lower yields, safe haven demand help yen
GBP/JPY dropped 0.7% on Friday, falling from above 155.00 to around 154.00. Risk-off flows and soft UK data weakened sterling while safe-haven demand and lower global bond yields strengthened the yen. GBP/JPY fell sharply on Friday and heavy downside in the global equity market and commodity space weighed on more risk-sensitive currencies such as sterling, whilst a sharp drop in global bond yields on safe-haven demand boosted the rate-sensitive yen. Much worse than expected UK Retail Sales
23:27 21.01.2022
S&P 500 drops below 200DMA for first time since June 2020, nearing 4400 as investors spooked by poor Netflix guidance
US equities continued to fall on Friday after downbeat subscriber guidance from Netflix, whose shares dropped over 20%. The S&P 500 dropped another 1.6% towards 4400 after failing to test 4500 earlier in the session. The index is now down 5.4% on the week and has broken below its 200DMA for the first time since June 2020. US equity markets continued to sell off on Friday, as downbeat earnings from tech giant Netflix weighed on sentiment and its competitors. NFLX shares dropped over 20%
20:51 21.01.2022
NZD/USD stable in 0.6725 area after Thursday/Friday’s APac session drop, next week’s Fed meeting & NZ CPI data eyed
After dropping sharply during Thursday’s US and Friday’s APac sessions, NZD/USD has stabilised in the 0.6725 area. Next week’s Fed meeting and New Zealand CPI data will be the key events to watch. NZD/USD will be eyeing a test of the 0.6700 level. After dropping sharply late on Thursday/during early Friday Asia Pacific trade after slipping below an uptrend that has supported the price action going all the way back to mid-December, NZD/USD has stabilised in the 0.6725 area