U.K Manufacturing Production Down -0.4% In Nov, GBPUSD Slides!

Forex man min
Forex man min

The U.K Manufacturing Production fell -0.4, from 0.9% in the previous month, the indicator was expected to fall to -0.1% in the last month…

(Year-Over-Year) Manufacturing Production rose -0.1%, from -0.4% in the previous month missing forecast of  0.1%…

Market Impact: This development should keep the GBPUSD under pressure; Intraday resistance comes at the  1.5080 levels, stability below this level will keep the pair under pressure with risk towards the 1.4990 levels, a cut would open 1.4950 next, further down, support comes at the 1.4890 levels…

On the upside, above 1.5080 levels faces a recovery risk towards daily chart resistance 1.5155 before the next fall…

 

The U_K Manufacturing Production

MARKET DATA

UPCOMING ECONOMIC EVENTS