UK Oct MFG output -1.3% m/m (exp -0.2%m/m), -2.1% y/y

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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


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UK economy

Pete Jackson


  1. Put up U”R Bollinger band on Eur daily…..Wadda U get…..about …weer shes at ?

  2. very bearish.Can fall to 5750 area?


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