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UK Manufacturing and Industrial Data Disappoint

GBPUSD News by Newsroom on 05:34 July 10, 2018 EST

UK manufacturing production rose by 0.4% on the month, although up from the 1.4% contraction seen in the previous month, but below the forecast for growth of 1%.

Industrial production fell by -0.4% during May, adding to the -0.8% contraction in April and below the consensus forecast for growth of 0.5%.

Construction output however rose by 2.9% in May, up from 0.55 previously, upwards from the expectation at 0.4%. The construction sector had previously fallen into recession back in 2017..

The Pound trades around a cent lower than yesterday at 1.32