The pound remained slightly lower against the dollar on Thursday as concerns over the upcoming European Union referendum overshadowed encouraging U.K. trade data. GBP/USD was last down 0.26% at 1.4466 from around 1.4459 earlier.The Office for National Statistics reported that the U.K. trade deficit fell more than expected in April, after a record increase in goods exports. The volume of exported goods jumped 11.2% or £2.2 billion from a month earlier, taking the total value of goods exports to £26.1 billion.Imports rose by £2 billion to £36.6 billion, the ONS said. The increase in exports meant that the trade deficit narrowed to £3.29 billion in April from a downwardly revised £3.53 billion in March, the lowest level since September 2015. The data indicated that recent weakness in trade data may be coming to an end.But sentiment on sterling remained fragile ahead of the June 23 EU Brexit referendum.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4515 TGT 1.4535 1.4565 SL 1.4485
SELL GBP/USD BELOW 1.4435 TGT 1.4405 1.4375 SL 1.4465
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