Pound Drops Even as Economic Data Points at Recovery

The Great Britain pound dropped today even persistently good macroeconomic data proves that recovery is gaining traction. This did not help the currency however, which are falling down after a short rally.
The Halifax House Price Index rose 0.9 percent in July. Industrial production grew 1.1 percent and manufacturing production expanded 1.9 percent in June. All economic reports were good, but the sterling remains surprisingly weak. The same happened last weak, when favorable fundamentals did not prevent weekly losses.
GBP/USD fell from 1.5347 to 1.5324 and GBP/JPY declined from 149.98 to 149.12 as of 4:28 GMT today.

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