The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, as the overall industrial sector returned to expansion in June. Manufacturing output arrived at 11.0% MoM in June versus 10.0% expectations and 8.4% booked in June, while total industrial output came in at 9.3% vs. 9.2% expected and 6.0% last. On an annualized basis, the UK manufacturing production figures came in at -14.6% in June, beating expectations of -15.0%. Total industrial output plunged 12.5% in June, against a -12.8% reading expected and the previous -20.0% print. Separately, the UK goods trade balance numbers were published, which arrived at GBP -5.12 billion in June, versus GBP -4.75 billion expectations and GBP -2.805 billion last. Total trade balance (non-EU) came in at GBP 0.30 billion in June versus GBP 2.16 billion previous. FX implications The GBP/USD pair challenges fresh session highs on the upbeat UK growth and industrial numbers, looking to extend the bounce from multi-day lows of 1.3017. Breaking: UK GDP shrinks 20.4% QoQ in Q2 vs. -20.5% expected, GBP/USD unmoved FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex Today: Gold sell-off extends, dollar reigns supreme amid fiscal impasse, ahead of data FX Street 2 years The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Wednesday, as the overall industrial sector returned to expansion in June. Manufacturing output arrived at 11.0% MoM in June versus 10.0% expectations and 8.4% booked in June, while total industrial output came in at 9.3% vs. 9.2% expected and 6.0% last. On an annualized basis, the UK manufacturing production figures came in at -14.6% in June, beating expectations of -15.0%. Total industrial output plunged 12.5% in June, against a -12.8% reading expected and the previous -20.0% print. Separately, the UK goods trade balance numbers were published, which… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
