Market Overview

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.

Posted-In: british pound GBP/USDFutures Forex Markets


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