FXStreet (Edinburgh) – The pound paid little attention to the UK releases, with GBP/USD keeping the range near 1.5440 so far.
GBP/USD indifferent on industrial data
The pair kept the composure following the mixed results from the UK industrial sector. In fact, Industrial Production has surpassed expectations in April, expanding 0.4% inter-month and 1.2% over the last twelve months. On the other direction, Manufacturing Production came in below consensus at -0.4% MoM and 0.2% on a yearly basis.
Next of significance for the pair will be the NIESR GDP Estimate due in the European evening, all against the prevailing upbeat tone in the risk-associated universe, which allowed spot to extend the break above the 1.5400 handle for the time being.
GBP/USD relevant levels
At the moment the pair is up 0.35% at 1.5439 and a breakout of 1.5475 (high May 26) would target 1.5482 (Kijun Sen) en route to 1.5498 (61.8% of 1.5700-1.5170). On the other hand, the immediate support lies at 1.5368 (low Jun.10) followed by 1.5328 (10-d MA) and then 1.5306 (200-h MA).
(Market News Provided by FXstreet)