Gbp poor economic number.

Gbp been hit in line with eur in early London. The uk industrial production and manufacturing number came in on the negative side.

Trade balance was worst than expected at -9.8bio vs expectation of -8.3billion.

With all these poor data, I expect uk to continue to ease further and that will pressure the Gbp.

We should see some initial support at 1.5990-00 level.. If that breaks I expect Gbp to drop fast. Gbp usually moves very fast. This week we are down about 200 pips already.