FXstreet.com (Barcelona) - The Sterling is falling right now after its major rivals on the back of a worse than expected UK October industrial production data. GBP/JPY has decline from 148.05 to hit intra-week low at 147.80, as well as the EUR/GBP, which is trading at MA200 hourly level at 0.9080 after climbing 40 pips in the minutes following the data release.
GBP/USD is trading in consolidation mode after testing intra-week low at 1.6320. currently the pair is pricing at 1.6355/65, 0.50% below today's opening price action.
National Statistics has informed that UK industrial production has remain unchanged between September and October, despite market expectations were an increase of 0.5% in October. Year to Year, Industrial Production has collapsed 8.4% in October, less than 10,3% fall posted in September but well above 7.6% decline expected by market