GBP/USD hovering over 1.3000 on UK data

The Sterling remains entrenched into the negative territory today, prompting GBP/USD to extend the drop below the 1.3000 key support.

GBP/USD in fresh 4-week lows

The pair has tested fresh multi-week lows after mixed results from the UK docket saw Industrial Production matching expectations during June while Manufacturing Production figures have missed forecasts during the same period.

In addition, UK’s trade deficit has widened to more than £12.40 billion in June, vs. a forecasted deficit of £10.0 billion.

GBP/USD levels to consider

As of writing the pair is retreating 0.26% at 1.3005 and a break below 1.2968 (low Aug.9) would expose 1.2849 (low Jul.11) and finally 1.2796 (2016 low Jul.6). On the flip side, the next up barrier lines up at 1.3373 (high Aug.3) followed by 1.3481 (high Jul.15) and finally 1.3535 (high Jun.29).