Forex Trading : GBP / USD fell to a new bearish session of the lowest levels of 1.5050 after the British production data, which showed that both of the total industrial production and manufacturing may drop unexpectedly in January, against expectations of a recovery.
GBP / USD falls against the backdrop of a weak manufacturing report
GBP / USD is trading downward by 0.20% at a new bearish session levels at 1.5038, down from 1.5060 levels before the data. Exchange rate losses have expanded the land and the purpose that the British manufacturing sector received a double blow, both in terms of industrial production and manufacturing has suffered from a sudden drop in January.
Total industrial production, which includes data on the oil and gas industry in the North Sea has dropped by 0.1% ohm / m far less than forecast, up 0.2%. While industrial production fell 0.5% versus expectations of a rise of 0.2%.
GBP / USD, where negative data led to disappoint the hopes of the market, adding to concerns about the lack of survival Toarn economy in the United Kingdom fell.