Forex News- Pound touches day’s highs after UK data, gains checked

The pound touched the day’s highs against the dollar on Wednesday after data showing that U.K. industrial output rose at the fastest rate in nearly four years in April.

GBP/USD hit highs of 1.4579 immediately following the release of the data, before pulling back to 1.4531.

The Office for National Statistics said industrial production rose 2.0% in April after a 0.3% increase in March, the largest monthly increase since July 2012.

Manufacturing output rose 2.3% after a 0.1% increase in March, in what was also the fastest monthly increase since July 2012.

SELL EURINR BELOW  76.15 TGT-76.05-75.95-75.85 SL 76.35  ABOVE


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