Directionless the Pound remains idle around 1.2033 .
A good end to the trading week, GBP/USD is up to 1.2033, after closing yesterday at zero. Overall, a 0% move or 12,033 pips this week. (Trade the Pound with FXTM now).
Sterling-Dollar upside coincides with further encouraging market factors as United Kingdom GDP came out at 0.3%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.5%. United Kingdom Construction PMI beat analyst expectations of 49.1 and the previous reading of 48.4 with new data of 54.6.
Nevertheless, highly important Manufacturing Production data from United Kingdom beat analyst expectations of -0.1% with a reading of -0.4%.
Meanwhile, United Kingdom Monthly GDP 3M/3M Change (Jan) released today at 07:00 UTC with a figure of zero, while the previous figure was zero. Fresh CFTC GBP speculative net positions data from United Kingdom came out at -21,400.
Also worthy of note, Tuesday data for United Kingdom Average Earnings Index +Bonus will be released, with an expected decline to 5.7 from the preceding figure of 5.9.
Furthermore, the market is looking at United Kingdom Claimant Count Change (Feb) will be released Tuesday. United Kingdom Employment Change 3M/3M (MoM) (Jan) is expected Tuesday.