Sure, mate...
- UK April GDP -0.4% vs -0.1% m/m expected
- UK April visible trade balance -£12.1 billion vs -£13.0 billion expected
- Sterling falls to session lows on poor UK data, even uglier details
Among other things in the data today, we saw the biggest drop in monthly GDP since March 2016, the biggest monthly fall in manufacturing output since 2002, and the biggest monthly drop in industrial output since 2012. Not to mention that services output stagnated with imports and exports also tumbling heavily in April.
