GBP/USD Little Higher, U.K. Industrial Production Slows

GBP/USD is trading at 1.2438, up 0.0056. The pair is trading very choppy with a wide range for the session. The U.K. Office for National Statistics reported that year over year industrial production slowed to a rise 0.7 percent in August versus a 2.1 percent rise in July. On the month industrial production fell 0.4 percent versus a 0.1 percent rise in July. Some talk about sellers near 1.2530 and buyers near 1.2380 is making the rounds.