• vs +0.9% exp
  • biggest mm fall since Feb
  • y/y +3.5% vs +5.6% exp vs +4.6% prev. Lowest since Nov 2013
  • 3-month -0.8% vs -0.1% prev .Lowest since Oct 2012

Wasn’t listed as a release on our calendar that we feed in..Apols. Just popped up on Rtrs

GBP lower on the weaker read GBPUSD 1.7925 again EURGBP 0.7950

Funny fickle ol’ world. Usually this data wouldn’t move it a pip but in the light of the current fragility, and weaker industrial & mftg output earlier this week it’s given traders something to feed off

In the bigger context of GDP it’s worth very little but hey what’s common sense got to do with anything nowadays

UK construction output May

UK construction output May