Forex: GBP/USD: Pound weakens to 1.6400 after UK data

FXstreet.com (Barcelona) - The Pound has pulled down from levels at 1.6435 resistance to prices right below 1.6400 after UK Trade balance and Manufacturing output data was released.

UK trade gap widened to GBP7.0 Billion in April from a downwardly revised GBP6.5 billion in March. markets were expecting a deficit of about 6.4 billion in April. On the other side, UK Manufacturing output has increased 0.3% ion April, while it dropped 12.3% year on year.

The Pound dropped to levels around 1.6375 from 1.6435 before UK data was released. At the moment the Pound has picked up reaching prices right at 1.6400.


GBP/USD
GBP/USD (Jun 10 at 10:02 GMT)
1.6345/48 (0.18%)H 1.6443 L 1.6291S3 S2 S1 R1 R2 R3
1.6350 1.6367 1.6384 1.6418 1.6435 1.6452
[?]Trend Index [?]OB/OS Index
Strongly Bullish Neutral
Data updated on Jun 10 at 08:31 (15-minute timeframe)



[ View GBP/USD technical studies ]


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