Investing.com - The pound slipped lower against the U.S. dollar on Thursday, but losses were expected to remain limited as sentiment on the greenback remained vulnerable after the previous session's downbeat U.S. data and ahead of additional U.S. economic reports due later in the day.
GBP/USD hit 1.4812 during European morning trade, the session low; the pair subsequently consolidated at 1.4827, slipping 0.10%.
Cable was likely to find support at 1.4699, Wednesday's low and resistance at 1.4974, the high of April 8.
The dollar remained under pressure after data on Wednesday showed that U.S. industrial production fell 0.6% in March, the largest fall since August 2012 and worse than economists' expectations for a 0.3% decline.
The added to speculation that the Federal Reserve could delay hiking interest rates until late 2015, instead of tightening midyear.
Markets shrugged off data on Tuesday showing the annual rate of U.K. consumer inflation remained unchanged at a record low zero in March, unchanged from the previous month and in line with forecasts.
The Bank of England targets inflation of 2% but the recent slowdown in inflation is unlikely to prompt a monetary policy response.
Sterling was higher against the euro, with EUR/GBP declining 0.35% to 0.7170.
Later in the day, the U.S. was to release a string of reports, including jobless claims, building permits, housing starts and manufacturing activity in the Philadelphia region.