Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
In a rebuke to Trump, the Supreme Court rules that birthright citizenship is the law of the land 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Trump has made more than $1 billion from crypto in a year. How? 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Smartphones are helping filmmakers tell the stories the movie industry overlooks 
Alcohol is one of the most dangerous drugs, yet its presence is ubiquitous in social settings and celebrations 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
UK's manufacturing and industrial production surprised on the upside in March as today's data showed.
- Manufacturing rose 1.1% in March on yearly basis and rose 0.4% m/m and industrial production rose 0.5% m/m and 0.7% on yearly basis.
Pound has taken positive cues and steered to the upside. Pound is currently trading at 1.566 against dollar heading next set of interim resistance around 1.575.
Today's data is definitely a positive welcome to UK's ailing industry, however it remains too early to say that manufacturing has rebounded.
On another hand retail sector and prevalent domestic discounts by retailers point that domestic demand still remains weak.
- BRC retail sales dropped by -2.4% on yearly basis in April, whereas rebound in March was much stronger at 3.2%.
Since Industrial production is lagging BRC retail sales by a month, it poses doubts over the sustenance of Industrial rebound.
Pound is however taking no note of such as of now, buoyed by back to back positive news since last week when conservatives returned to power with outright majority. Pound is very much likely to test resistance around 1.595-1.60 as bulls remain in charge.
