Forex Trading : GBP / USD: profits crowned decline in export orders

Forex Trading : Struggling pair GBP / USD to expand profits above the 1.49 levels after data in defiance Kingdom showed that the manufacturing export orders have been stalled in January.The pair fell to 1.4890 before recovering a few points to trade at 1.4904 after total orders of the British Federation of Industry recorded at 0 contrary to expectations with 9 and down from the previous reading at 10. With a sterling for bullish levels for several years against the euro, the decline in manufacturing export orders is news bad on supporters to raise interest rates in the United Kingdom. Thus, the profits in the pair may have been crowned, where struggling to remain above 1.49 levels. Positive housing data to be released later in the day the pair had the lowest pay 1.49 levels again.