The only relevant data from midday were British publications on several important indicators for December. Among them was included information on industrial production, factory goods and the trade balance – all turned out to be better than expected, and virtually all the results of the November were positively revised.
How can be seen in the image above most important publication – the production of goods in factories – recorded a strong dynamic jump at the end of last year. As a result on pound sterling we could observe short-term gains.
Immediately after the data GBP/USD gained over 30 pips reaching intraday highs that caused reflection in opposite direction:
On EURGBP situation is very similar. With this difference, that the price temporarily succeeded to draw new lows of the session. At this point, we are on the daily Pivot: