We received important data on the real economic sector of the UK on Friday. The indicators were above expectations: industrial output increased 2.9%, consensus 1.6$. Manufacturing production gained 3.2% against 2.1%. The GDP outlook from NIESR for August was 0.2% in contrast to 0.3% in July. As the result, the pound grew at a slower pace amid the market optimism and closed the day at the level of 77 points.
Today there is no news from Great Britain and the investors will be with the market tendency which is going to be neutral today. Industrial production in China was below expectations: 8.9% y/y against 9.0% while trade balance demonstrated a surplus of 26.7 bn against 18.9 bn. Japanese GDP for the second quarter dropped to 0.2% in contrast to 0.3%, while balance of payment made up 625.4 bn yen against 485.6 bn yen.
Technically, we are anticipating the trading to be in the sideways channel of 1.5975 – 1.6034.
