Latest data released by ONS - 10 August 2018

  • Prior +0.4%
  • Manufacturing production +1.5% vs +1.0% y/y expected
  • Prior +1.1%
  • Industrial production +0.4% vs +0.3% m/m expected
  • Prior -0.4%
  • Industrial production +1.1% vs +0.7% y/y expected
  • Prior +0.8%
  • Construction output +1.4% vs -0.4% m/m expected
  • Prior +2.9%
  • Construction output +2.2% vs +0.7% y/y expected
  • Prior +1.6%

Better-than-expected readings across all factory output data, but it isn't really going to change the current outlook all too much. This all feeds into the Q2 GDP report released in the post earlier so it isn't going to be one that moves the needle on the pound.

Besides that, the market is largely focused on macro themes in Turkey, emerging markets, and the risk-off mood right now so the release here is very much not significant.