Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
GBPUSD trades above and below its 200 hour moving average, but stalls near topside swing area.
The sellers making a push again...
On Friday, the GBPUSD moved sharply higher after the Michigan sentiment, but did find sellers near its 200 hour moving average and a swing area between 1.3871 and 1.38774. The high prices reach 1.38742.
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