The Sterling depreciated against the US Dollar, following the release of factory output data on Friday. The GBP/USD exchange rate lost seven pips, or 0.05%, reaching the 1.3805 level.
The UK industrial output did not meet the forecasts in the month of January, growing only by 0.1%, following a little bit higher growth rate of 0.3% in the prior month. While the uptick may not be flattering, the UK Office for National Statistics still reported the ninth consecutive month of growth in domestic manufacturing companies, which means that the gain in January marks the longest growth streak since the begginning of ONS records in 1968.
