Better than expected numbers on all fronts. The UK trade balance deficit squeezes to 11.253 from a downward revised 12.35 billion. Manufacturing production is up 0.7% m/m and 2.7% y/y. Industrial output is also up 0.7% m/m on top of an upwards revision and 2.5% y/y.
GBP/USD, which was sleepy ahead of the publication, is now up to 1.3167, some 20 pips higher.
Here are the recent moves on the pound/dollar chart. The rise is limited.
The UK manufacturing output was expected to rise by 0.3% in September after 0.4% beforehand (before revisions). The wider industrial production carried expectations for a rise of 0.3% against 0.2% in the previous month. The trade balance deficit was projected to narrow down from 14.25 billion to 12.8 billion.
GBP/USD was trading steadily around 1.3145.
