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Forex pairs in this Article » GBP/USD (Barcelona) - GBPUSD has extended its decline from yesterday's ECB meeting to post a low at 1.6022, just above daily classic S1 support at 1.6016.

The pair declined following soft UK data was released, adding to the prior negative sentiment following yesterday's ECB meeting and breaking news that a large Earthquake has hit Tokyo, Japan this morning. Consumer Expectations came in at 3.5 against a previous reading of 3.2%, Industrial Production disappointed forecasts both YoY and MoM at -3.0%/-0.6% and -0.8%/0.7% respectively, alongside Manufacturing Production YoY and MoM at -1.3%/-0.2% and -2.1%/-0.2% consecutively. Despite the sharp decline to its low, spot has since retraced to trade at 1.6042 and is currently down 0.07% on the days trading.
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