UK industrial production rose only 0.1% in February month over month and also year over year. Stronger gains of 0.3% and 0.4% respectively were expected. Manufacturing production came out at 0.4% as expected, but year over year we have a miss with +1.1%.
GBP/USD, which had already lost the 1.47 level, remains under the cosh at around 1.4675, and seems unable to recover. This figure doesn’t help that much.
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