After the softer house price data traders are now positioning ahead of the next set of numbers at 09.30 GMT
Expectations are:
- Ind production mm +0.1%, yy +1.2%
- Mftg production mm -0.2%, yy 0.0%
GBPUSD has chewed through bids/support around 1.5030 to post 1.5024 with EURGBP highs of 0.7236 helping to kick it lower
More bids below 1.5020 into 1.5000 will provide the next layer of support with offers above 1.5050. EURGBP has sellers into 0.7250 and demand into 0.7200
So it's all ranging but providing opportunity for intra-day traders at least
