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   “¢   UK GDP/manufacturing & industrial production data comes in stronger than expected.
   “¢   A larger than expected jump in the UK trade deficit largely offsets the positive readings.
   “¢   Focus remains on the UK Parliament vote on PM May’s amended withdrawal agreement.

Despite a noteable pull-back from 1-1/2 week tops, the GBP/USD pair held on to its positive tone around the 1.3200 handle and had a rather muted reaction to the latest UK macro data.

The latest Brexit optimism continued underpinning the British Pound for the second consecutive session on Tuesday and assisted the pair to build on the previous session strong upsurge of over 200-pips from a near three-week low level of 1.2960.

The bullish momentum, however, stalled, rather failed ahead of the 1.3300 handle as market participants seemed inclined to take some profits off the table and refrained from placing aggressive bets ahead of the highly anticipated UK parliament vote.

With the incoming Brexit-related headlines turned out to be an exclusive driver of the sentiment surrounding the British Pound, the pair moved little after the latest UK monthly GDP print came in to show a 0.5% m/m growth against 0.2% expected.

Adding to this, the UK manufacturing production  rose 0.8% m/m in Jan and industrial production also recorded a growth of 0.6% as against a flat reading expected, though were largely offset by a larger than expected UK trade deficit numbers.

Technical levels to watch


       Today Last Price:  1.3222
       Today Daily change:  70  pips
       Today Daily change %:  0.53%
       Today Daily Open:  1.3152
       Daily SMA20:  1.3073
       Daily SMA50:  1.298
       Daily SMA100:  1.2884
       Daily SMA200:  1.2986
       Previous Daily High:  1.3171
       Previous Daily Low:  1.296
       Previous Weekly High:  1.3269
       Previous Weekly Low:  1.299
       Previous Monthly High:  1.3351
       Previous Monthly Low:  1.2773
       Daily Fibonacci 38.2%:  1.309
       Daily Fibonacci 61.8%:  1.3041
       Daily Pivot Point S1:  1.3018
       Daily Pivot Point S2:  1.2884
       Daily Pivot Point S3:  1.2807
       Daily Pivot Point R1:  1.3229
       Daily Pivot Point R2:  1.3305
       Daily Pivot Point R3:  1.344