The pound holds with all its might. The UK industrial production data

The British pound is trying to hold positions against the US dollar against positive data on industrial production in the UK.

• According to published data, production in the manufacturing industry grew by 0.4% in November, exceeding the previous value of 0.3%. On annualized basis it grew at 3.5%, against the forecast of 1.3%.
• Industrial production grew by 0.4%, exceeding the previous value of 0.2%. On annualized basis the growth of the index was 2.5%, against the forecast at 1.0%.

The risks associated with Brexit still continue to have a negative impact on the sentiments of investors. There is also some concerns about political instability in the Kingdom, as the authority of the Prime Minister of Great Britain declines. And, that is why Theresa May conducts personnel reshuffles in the government.

Technical analysis: Since the beginning of the year, the GBP/USD pair moves in a predominantly flat, with the main support at 1.3500. The breakdown of this level will open the way for the price to the levels 1.3450, 1.3425. The main resistance levels are 1.3580, 1.3610.

Fig. GBP/USD. The current price is $ 1.3497.

Alexander Sivtsov