UK Industrial Production Lower

Industrial Production and Manufacturing Production data from the UK came out lower accross the board and doesn't look very well considering all the jawboning the government is doing for the sector.

Industrial Production m/m -0.7% actual versus -0.3% expected
Industrial Production y/y -1.7% actual versus -0.7% expected (previous revised -0.7% to -1.5%)
Manufacturing Production m/m -0.7% actual versus -0.3% expected (prev. rev. +0.2% to +0.1%)
Manufacturing Production y/y +0.3% actual versus +1.4% expected (prev. rev. +2.0% to +1.3%)

GBPUSD sold back down to its lows for the session, where the Daily Central Pivot is.

down about 20 pips in 7 minutes. A few pullback as Cable did head lower, but was helped from some negative comments by a german official as the European Summit on the new treaty approaches.