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Pound Down on Industrial Manufacturing Data

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The British pound is at the centre of attention on Tuesday. After the release of weak industrial manufacturing data, the currency weakened against the US dollar by 120 points to 1.4414. The price strengthened below the psychological level of 1.4500 (rounded figure). Industrial manufacturing in the UK was down sharply in November in comparison with that of October, thus confirming the slowing in growth for the UK economy in the final quarter of 2015. The index for industrial manufacturing for

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