News Headline Summary

UK Manufacturing Production (Nov) M/M -0.3% vs. Exp. 0.5% (Prev. -1.3%)

UK Manufacturing Production (Nov) Y/Y -2.1% vs. Exp. -1.3% (Prev. -2.1%)

Reaction details (09:38)

- In immediate reaction to the data, GBP/USD moved down 11pips from 1.6143 to 1.6132 while Gilts moved up 6ticks from 116.18 to 116.24.

Analysis details (09:35)

- UK manufacturing production decline led by metals and electrical equipment.

11 Jan 2013 - 09:30 - Metals Data - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: