FXstreet.com (Barcelona) - The sterling is inching higher on Tuesday, following its European peer into the positive territory, ahead of the speech by BoE Governor M.King in matters of UK inflation this evening.
Ahead in the day, industrial production (-1.1% YoY exp.), manufacturing production (-0.6% YoY exp.) and August trade balance figures (£-2.55 bn exp.) are due in the British economy, preceding the NIESR GDP Estimate.
At the moment, GBP/USD is up 0.07% at 1.6038 facing the first hurdle at 1.6142 (hourly high Oct.8) followed by 1.6152 (MA10d) then 1.6164 (MA21d) and 1.6218 (high Oct.5).
On the downside, a breach of 1.6017 (Lower Bollinger) would open the door to 1.5987 (low Sep.11) then 1.5960 (low Sep.10) and 1.5923 (low Sep.7).
Ahead in the day, industrial production (-1.1% YoY exp.), manufacturing production (-0.6% YoY exp.) and August trade balance figures (£-2.55 bn exp.) are due in the British economy, preceding the NIESR GDP Estimate.
At the moment, GBP/USD is up 0.07% at 1.6038 facing the first hurdle at 1.6142 (hourly high Oct.8) followed by 1.6152 (MA10d) then 1.6164 (MA21d) and 1.6218 (high Oct.5).
On the downside, a breach of 1.6017 (Lower Bollinger) would open the door to 1.5987 (low Sep.11) then 1.5960 (low Sep.10) and 1.5923 (low Sep.7).
