The Great Britain pound lost most of its gains versus the US dollar today as the report showed an unexpected decline of the industrial output in February.
The UK industrial production decreased by 1.2 percent in February, while it was expected to show the same 0.3 percent growth as in January. Manufacturing production was flat, instead of expanding by 0.6 percent as was forecast by analysts.
GBP/USD retreated from the intraday high of 1.6363 to 1.6313 as of 15:52 GMT after opening at 1.6294.
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