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GBP/USD supported by upbeat UK trade data

Thursday, March 12, 2015 9:52 AM UTC

Cable rises towards 1.50 after better than expected UK trade data
UK trade deficit GBP 616mn in Jan from GBP 2.14bn in Dec
Jan goods trade deficit GBP 8.41bn vs GBP 9.7bn forecast
Stops below 1.50 tripped Wednesday, on the way to 20month low of 1.4893
1.4955 = pre-UK trade data low vs 1.5014 early Europe high

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GBP/USD supported by upbeat UK trade data

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