Pounds gets a small boost from the better headline

  • +0.3% prev revised down from +0.4%
  • yy +2.1% vs +1.6% exp vs +1.1% prev revised down from +1.4%
  • mftg production mm -0.6% vs +0.1% exp vs -0.4% prev
  • yy +1.0% vs +1.8% exp vs +0.1% prev

Rally short lived as mftg production data negates stronger industrial headlines and market factors in the lower revisions

ONS says

  • rise in oil and gas output in 3 months to May strongest since records began in Feb 1997
  • ind output 3m/3mth +1.0% . highest since April 2014

Full ONS report here

GBPUSD back to 1.5537 from 1.5545 EURGBP 0.7068