Latest data released by ONS - 10 December 2018

  • Prior 0.0%
  • GDP +0.4% vs +0.4% 3m/3m expected
  • Prior +0.6%
  • Index of services +0.2%vs +0.1% m/m expected
  • Prior -0.1%
  • Index of services +0.3% vs +0.3% 3m/3m expected
  • Prior +0.4%

The monthly GDP figures are very much in-line with expectations so the key measure in the set of releases here doesn't do much to change the overall picture for the pound. The key focus remains on tomorrow's Brexit deal vote in parliament.

Factory activity data is rather poor on the month though with notable declines in manufacturing and industrial activity. All this feeds into the GDP readings above but it's not an encouraging outlook for UK factory data in Q4 to say the least.

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

  • Manufacturing production -0.9% vs 0.0% m/m expected
  • Prior +0.2%
  • Manufacturing production -1.0% vs 0.0% y/y expected
  • Prior +0.5%
  • Industrial production -0.6% vs +0.1% m/m expected
  • Prior 0.0%
  • Industrial production -0.8% vs -0.1% y/y expected
  • Prior 0.0%
  • Construction output -0.2% vs -0.5% m/m expected
  • Prior +1.7%
  • Construction output +3.8% vs +3.3% y/y expected
  • Prior +3.0%