At 9:30 AM (GMT) ONS published data about British industrial production and manufacturing production. Markets expected 0.2% industrial production gain (MoM), but it fell by 0.7%.
On the yearly basis industrial production also failed: +2.8% vs expected +3.7% and +3.3% prior is surely not a positive result.
Manufacturing production Mom was -0.1% and as before the expectations were not fulfilled (+0.3% exp).
Here you can see the rest of the data:
GBPUSD closed on support
On H1 chart of GBPUSD we can see weakening of British pound as a result of bad data. Close of the candle was in the beginning of support area 1.2425.
Price is now on support, so there is a potential to bullish rebound before breaking it. Local resistance is in 1.2465 area.
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Another important targets in case of continuing bearish movement are seen on 1.2400 and 1.2380.
