Pound recovery from 1.6265 lows on early Asian session has been capped right below 1.6400, and the pair has pulled lower, reaching 1.6315 low, following weaker than expected manufacturing and trade balance figures in the UK.
UK trade deficit rose to GBP 8.9 Billion in June from GBP 8.5 billion inn May, against market consensus which called tor a tightening to around GBP 8.4 Billion.
UK manufacturing output has dropped 0.4% in June, against market expectations of a 0.3% increase, and following a 1.8% advance in May. Year on year, manufacturing output rose 2.1% below the consensus 2.8%.
UK manufacturing output has dropped 0.4% in June, against market expectations of a 0.3% increase, and following a 1.8% advance in May. Year on year, manufacturing output rose 2.1% below the consensus 2.8%.
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