Market managed to advance as market holds above 1.4335-70 where managed to head toward 1.4530-70 where broke above it in signs of more ppl aiding to remain a member at EU which activated farther advance movement.
Industrial Production in the United Kingdom for March came below the consensus forecast. (0.1% vs. expectations 0.3%). In the afternoon, the trading was defined by Crude Oil Stocks change in the US (-3.410M vs. forecast 0.714M, previous value 2.784M).
As we see over our previous chart, market managed to head toward 1.4540 zone after US labor market data before resume drop toward support trend line around 1.4375 and obtain rebound correction from that zone.
Having bottomed near 1.4470 region in the last US session, the GBP/USD pair takes on the recovery towards 1.45 handle, only to face rejection just below the last and now trades back in the red zone.
