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The GBP/USD could do with some good news shortly

The strength of the dollar is still weighing on the Pound this morning and very shortly there are a whole number of UK economic releases due to hit the screens all at once. We have the latest industrial and manufacturing data, monthly GDP, Index of services, and trade balances. This will all emerge at 7am GMT and an update here will follow shortly once all the data is known. The GBP/USD dropped back to a low at 1.2511 just after the 4pm London fix yesterday, but then rebounded into the US close, as the dollar ended a little lower. The GBP/USD closed last night at 1.2553. The range seen so far today has been covered by 1.2537 to 1.2559. It is just now trading at 1.2543
 

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