U.K. Industrial production down by 0.1% in January
U.K. seasonally adjusted index of production decreased by 0.1% between December 2014 and January 2015. Analysts were anticipating 0.2% incline. This reflects decreases of 0.5% in manufacturing and 0.4% in the electricity, gas, steam & air conditioning sector. Partially offsetting these decreases were increases of 2.0% in mining & quarrying and 0.4% in the water supply, sewerage & waste management sector.
Index of production increased by 1.3% between January 2014 and January 2015. This reflects an increase of 1.9% in manufacturing and 3.2% in mining & quarrying. Partially offsetting these increases were decreases of 4.1% in the water supply, sewerage & waste management sector and 2.4% in the electricity, gas, steam & air conditioning sector.
After the data Sterlin edged down few points and is currently being traded slightly above 1.5040 level. Pair is likely to find support around 1.50 and resistance above 1.5080 area. There will be no major data releases in the rest of the session.
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