The pound dropped to multi-week on Friday,
despite the release of positive U.K. economic reports. The greenback remained in a high demand ahead of highly-anticipated U.S.
jobs data due later in the day.
GBP/USD hit 1.5143, down 0.43%.
EUR/GBP rose 0.32% to 0.7179.
The U.K. Office for National Statistics reported on Friday that manufacturing production rose 0.8% in September, beating expectations for a 0.4% gain. Manufacturing production increased 0.4% in August, whose figure was revised from a previously estimated 0.5% rise.
The report also indicated that U.K. industrial production dipped 0.2% in September, compared to expectations for a 0.1% downtick, after an increase of 0.9% the previous month.
A separate data showed that the U.K. trade deficit shrank to £9.35 billion in September from £10.79 billion in August, whose figure was revised from a previously estimated deficit of £11.15 billion. Economists had expected the trade deficit to narrow to £10.60 billion in September.
Meanwhile, the dollar has been boosted by comments from Atlanta Fed president Dennis Lockhart yesterday. Seen by many as a swing voter at the US central bank, he left the door wide open to a rate rise at the December meeting.
