Latest data released by ONS - 10 December 2019

  • Prior -0.1%
  • Monthly GDP 0.0% vs 0.0% 3m/3m expected
  • Prior +0.3%

This just confirms the flat-lining of the UK economy amid Brexit uncertainty and the continued slowdown in the global economy. Q4 economic growth looks set to either stagnate or contract at this stage and that will add to worries to the pound after the election.

Cable seen at 1.3152 currently, little changed on the data as the pound continues to sit more steady in anticipation of the election this Thursday.

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

  • Manufacturing production +0.2% vs 0.0% m/m expected
  • Prior -0.4%
  • Manufacturing production -1.2% vs -1.4% y/y expected
  • Prior -1.8%
  • Industrial production +0.1% vs -0.3% m/m expected
  • Prior -0.3%
  • Industrial production -1.3% vs -1.2% y/y expected
  • Prior -1.4%
  • Construction output -2.3% vs -0.2% m/m expected
  • Prior -0.2%
  • Construction output -2.1% vs -0.1% y/y expected
  • Prior +0.5%