Cable is presently up at 1.5240. The pairing has received a further boost from better than expected data.
UK March industrial production fell -0.6% m/m, -12.4% y/y, better than median expectations of -0.9% and -12.8% respectively.
UK March manufacturing output fell -0.1% m/m, -12.9% compared to median forecasts of -0.8% and -14.0% respectively.
UK trade data for March was also better than expected. Global goods trade deficit came in at -£6.589 bln compared to a median forecast of -£7.20 bln, while the non-EU trade gap came in at -£3.307 bln compared to a median forecast of -£4.20 bln.
Next resistance lies at 1.5250, 1.5280 and 1.5300..
