January 2015 UK industrial production -0.1% vs 0.2% exp m/m

Details of the January 2015 UK industrial production data report 11 March 2015

• Prior -0.2%
• 1.3% vs 1.3% exp y/y. Prior 0.5%. Revised to 0.8%
• Manufacturing production -0.5% vs 0.2% exp m/m. Prior 0.1%
• 1.9% vs 2.6% exp y/y. Prior 2.4%. Revised to 2.6%

Not the sort of report you want to read to start the year. IT production and machinery work fell following a decent December. The ONS say that work was boosted in Dec by a big public sector defense contract.

GBP/USD drops through 1.5050 to 1.5037