GBP/USD back above 1.31 ahead of UK data deluge shortly, at 6am GMT

At 6am GMT this morning the UK will release a whole raft of economic data. The focus on that is probably the latest monthly GDP report, but there are so many other data points to consider. The list covers trade balances, index of services, construction output, industrial and manufacturing production. A report here will follow once that lot has hits the screens in around 30 minutes. Ahead of all this data, the GBP/USD has managed to grind its way higher this morning. As with the EUR/USD that seems only due to the further falls in the USD/JPY today. The GBP/USD fell back to a low yesterday afternoon, at 1.3050. That fall took the price a little further below the noted 21 day moving average, which is still rising and in place right now, at 1.3093. So, the GBP/USD closed below that last night, at 1.3080, but it has rebounded this morning, as stated due to the falls in the USD/JPY. That has helped the Pound grind back to a high so far at 1.3111. Of course, all this UK data might decide, if that push is extended, or bought to a halt. We shall shortly find out. The GBP/USD is currently trading at 1.3108