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The United Kingdom’s gilts remained mixed during Friday’s afternoon session, after the country’s manufacturing production for the month of November fell, coupled with a better-than-expected rise in the country’s m/m gross domestic product (GDP) for the similar period.
The yield on the benchmark 10-year gilts, slipped 1 basis point to 1.266 percent, the super-long 30-year bond yields rose nearly 1 basis point to 1.806 percent while the yield on the short-term 2-year jumped 1-1/2 basis points to 0.783 percent by 11:20GMT.
Month-on-month, GDP ticked up 0.2 percent in November, picking up from the 0.1 percent rise seen a month earlier.
Britain’s GDP grew 0.3 percent in the three months to November the ONS reported, slowing from the 0.4 percent expansion seen in the three months to October and in line with forecasts. Manufacturing output shrank by 0.3 percent in November, while the service sector grew by 0.3 percent and the construction sector expanded by 0.6 percent.
Meanwhile, the FTSE 100 rose 0.14 percent to 6,952.25 by 11:25GMT, while at 11:00GMT, the FxWirePro's Hourly Pound Strength Index remained slightly bearish at 89.93 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
