The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Monday, with the overall industrial activity witnessing further deterioration in November.
Manufacturing output arrived at -1.7% MoM in November versus -0.3% expectations and +0.5% booked in October, while total industrial output came in at -1.2% vs. -0.1% expected and +0.4% last.
On an annualized basis, the UK manufacturing production figures came in at -2.0% in November, beating expectations of -1.7%. Total industrial output dropped by 1.6% in November, against a -1.4% reading expected and the previous -0.6% print.
Separately, the UK goods trade balance numbers were published, which arrived at GBP -5.256 billion in Nov, versus GBP -11.700 billion expectations and GBP -10.947 billion last. Total trade balance (non-EU) came in at GBP 1.734 billion in Nov versus GBP -2.587 billion previous.
The GBP/USD pair saw good two-way moves, as it fell nearly 30-pips from just below the 1.30 handle to 1.2968 lows on the UK GDP disappointment. The spot now wavers around 1.2975, still down -0.65% on the day.
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