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Forex pairs in this Article » GBP/USD (Guatemala) - Sterling was trading on the weak side after disappointing industrial output data before NFP’s, and it is worth noting the break down from analysts at Brown Brothers Harriman.

Key Quotes:

“Recall that in November, the UK's manufacturing PMI rose to a new 2-year high of 58.1 from 56.5. It had encouraged economists to look for a gain of around 0.4% in industrial production and manufacturing”.

“Instead, both came out at flat. Similarly, the construction PMI had risen from 59.4 in October to what appears to be a record high of 62.6 for this relatively new series”.

“However, today's construction output report showed a 4.0% fall (consensus was around 0.8%). This is twice the gain posted in October. Adding insult to injury, the BRC reported a 0.4% rise in like-for-like sales and this was half of what the market expected”.
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