The U.K Manufacturing Production unchanged in Nov at -0.4% as the previous month, missing forecast of 0.1% in the last month.
This development leaves the GBPUSD pair under pressure and vulnerable to the downside. At the moment, the pair trades below 1.4500 levels, immediate support comes at the 1.4400 levels where a cut will open main support at the 1.4300 levels. On the upside, resistance comes at the 1.4500 levels ahead of the 1.4645 levels (main).
Further Reading
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