Latest data released by ONS - 10 May 2019

  • Prior +0.2%
  • Index of services -0.1% vs +0.1% m/m expected
  • Prior +0.1%; revised to +0.2%

Focus ins on the quarterly growth figures in the other post, since all the data here basically feeds into that. In case you missed out on that, the growth figures in Q1 confirms a rebound in the UK economy but owes much to Brexit stockpiling more than anything else.

That isn't exactly the stuff rallies are made of. Cable continues to hold around 1.3000, near unchanged before the release after moving up to a high of 1.3021 upon the flurry of headlines earlier.

There's also factory activity data released at the same time are as per below:

  • Manufacturing production +0.9% vs 0.0% m/m expected
  • Prior +0.9%; revised to +1.0%
  • Manufacturing production +2.6% vs +1.1% y/y expected
  • Prior +0.6%; revised to +1.2%
  • Industrial production +0.7% vs +0.1% m/m expected
  • Prior +0.6%
  • Industrial production +1.3% vs +0.5% y/y expected
  • Prior +0.1%; revised to +0.4%
  • Construction output -1.9% vs -0.9% m/m expected
  • Prior +0.4%; revised to +0.5%
  • Construction output +3.2% vs +4.5% y/y expected
  • Prior +3.3%; revised to +3.2%