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January 2016

GBPUSD collapses to 1.4420

Published: Tuesday 12 January 2016

GBPUSD has reached a fresh 5 ½ year low as weaker UK manufacturing and industrial production triggered a selloff in the Pound.

The poor production reports were blamed on due to good weather being the reason for the fall in gas extraction. Industrial production missed estimates of 1.7% by a long way coming out at 0.9% and manufacturing output equaled -1.2% missing estimates of -0.8%.

Latest FX news by Richard Smith

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