GBP review

Western Union notes:

Surprisingly bullish U.K. factory data and another leg lower for the greenback helped the pound bolt to two-week highs. Suggesting a better start to the second quarter, industrial output topped forecasts with a 0.4% gain in April while the prior month got upgraded. 

More event risk looms before the end of the day however which could keep the pound on vulnerable ground. Britain's central bank governor around 4 p.m. ET today is due to deliver his Mansion House speech that last year served as a launching pad for the pound when Mr. Carey hinted at the potential for an earlier U.K. rate hike.