Decent UK data saw a brief GBP rally but sellers have jumped back in 8 June
The April UK production data was impressive but not impressive enough in the current scenario to have buyers extending initial gains.
The spectre of Brexit poll volatility means traders will not be looking to hold onto positions for too long and we can expect this fragile environment to prevail right up to and through the referendum on 23 June.
Also remember that the mftg and industrial sectors are not key components of UK GDP so all data here is relative.
GBPUSD back to 1.4532 after failing around the 1.4575 offers/res. EURGBP finding good dip demand around 0.7800 again and now back to 0.7824.
