British Pound


The Pound strengthened versus the Dollar as Manufacturing Production  rose by 0.9% better than 0.3% expected showing more evidence of the  recession ending. The GDP estimate came out 0.2% versus -0.3% prior  showing the economy apparently stopped contracting. Industrial  Production came out at 0.5% versus 0.3% expected showing more  improvement in the Industrial section. Overall, GBP/USD traded with a  low of 1.6322 and with a high of 1.6586. Today, Trade Balance is  expected stronger at -6.3B versus -6.5B prior.