BREAKING: EURGBP flat after UK data and final CPI from Germany
UK Manufacturing production MoM: 1.2% vs 0.1% exp. and 0% previously
- Industrial production MoM: 1.4% vs 0.6% exp. and 0.5% previously (1.1% MoM vs 0% exp. and -0.2% previously)
- Services: 0.1% vs 0.% exp and 0.2% previously
UK GDP estimate YoY: -0.2% vs -0.4% exp. vs -0.3% previously
- MoM: 0.1% vs 0.1% exp. vs 0.2% previously
- 3M/3M: 0.2% vs 0.1% exp. vs -0.1% previously
Final German CPI YoY: 2.2% vs 2.2% exp. and 2.2% in first reading (0.4% MoM, in line with previous reading)
- Final German HICP YoY: 2.3% vs 2.3% exp. and 2.3% in first reading (0.6% MoM, in line with previous reading)
Data from the UK came in stronger than expected, especially in production and manufacturing, while final CPI from Germany didn't change. EURGBP loses, but only slightly after the data.
Source: xStation5