Mixed data from the UK: on one hand, manufacturing production slips 0.4% m/m, below a rise of 0.1% expected. Also y/y, the rise is only +0.2% instead of +0.4% expected.
On the other hand, the wider industrial output figure is at +0.4%, above +0.1% expected. And year over year, we have +1.2%, double the 0.6% predicted. All the figures are for April.
GBP/USD is a bit choppy, but all in all unchanged at around 1.5440. Sterling enjoyed the weakness of the US dollar to ride higher. The data doesn’t change the trend so far.
Later today, the NIESR institute releases its GDP assessment for the three months ending in May. Another thing to watch is the Mansion House speech due by BOE Governor Mark Carney.
More: GBP/USD Testing 100-Day EMA
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