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UK March industrial production stronger than expected

United Kingdom March industrial production data were stronger than expected (+0.5% m/m; consensus flat), though this largely reflected a bounce in oil and gas production with manufacturing output close to expectations.Th…

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United Kingdom March industrial production data were stronger than expected (+0.5% m/m; consensus flat), though this largely reflected a bounce in oil and gas production with manufacturing output close to expectations.

The ONS say the data are not strong enough to imply a revision to the poor Q1 GDP data. GBP's gains on the crosses seem to have lost some momentum today. 

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