Biggest falls since June

Oct Industrial output falls sharply as well to -0.8% m/m (exp +0.7%), -3.0%y/y

Q3 Construction orders +5.4% q/q, -6.7% y/y

  • BOE: Nov Inflation expectations for next year +3.5% from 3.2% in August, 3.2% from 2.8% for next 2 years and 3.6% from 3.1 % over next 5 years
  • Net public satisfaction with BOE rises to +13 from +6 in Aug

Cable back around 1.6040 after a dip to 1.6023 on the weaker data