The British Pound hits 1.3668, its lowest rate in 2 months .
GBP/USD is hesitant but green - from an earlier low of 1.3668, GBP/USD is up to 1.3841, gaining 133 pips compared to 1.3708 at the start of the week (0.97%). (Trade Pound/Dollar with FXTM now).
This move comes while some more positive signs for Pound/Dollar are out as data for United Kingdom Manufacturing Production released on Tuesday came out at 1.3, beating projections of 0.5 and showing improvement over the preceding figure of -2.3.
On the flip side, United Kingdom's GDP released earlier shows an improvement to 0.4 from the preceding data of -2.2, but falls short of the projected 0.6.
The Pound/Dollar shows positive signs, other assets are also on par: after a 2 year hiatus, Euro/Yen is back at 130.63 levels. The New-Zealand Dollar made its largest weekly gain of 105 pips(0.34%) since November 2020.
At the same time, Yen made its largest weekly gain of 104 pips (0.04%) since November 2020. The GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. At 1.697, GBP/CAD is down to its lowest value in 4 months.