UK manufacturing and trade balance data misses: manufacturing is down 0.8% m/m and 0.5% y/y. Gains were expected. The wider industrial output numbers fall 0.4% m/m and ris only 0.8% y/y. The trade balance deficit widened to 11.082 billion, much worse than expected. At least the previous figure was slightly revised to the upside: 8.5 billion. All in all, the data is quite disappointing.
GBP/USD falls to 1.5370. The pair extends its slide to lower levels.
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