FXstreet.com (Barcelona) – The sterling is now hovering over session highs after topping at 1.5544 on stronger-than-expected UK data. Insustrial production and manufacturing production in the British economy rose 1.0% MoM and 1.2% MoM respectively, and contracted less than expected on a yearly basis. In the same mood, trade deficit has narrowed to £ 8.363 billion in May, down from £ -9.709 billion in the previous month.
Ahead in the day, NIESR GDP Estimate in June is due. Calls are for +0.1%.
The cross is now advancing 0.08% at 1.5538 and a break above 1.5551 would expose 1.5590 then 1.5598 and 1.56231
Support levels are lying at 1.5470 followed by 1.5454 then 1.5437 and 1.5404
