UK July services PMI has come in at 53.2, up sharply from 51.6 in June, some way better than median forecast of 51.8 and the highest read since February 2008.
UK June industrial output has come in at +0.5% m/m, -11.1%, better than median forecasts of flat, -11.4% respectively. Highest m/m since October 2007.
UK June manufacturing output has come in at +0.4% m/m, -11.7%, better than median forecasts of -0.1%, -12.1% respectively. Highest m/m since January 2008
The double, or is it triple, whammy has lifted cable to a session high 1.7005 where it’s once again ran into selling interest. We’re presently back at 1.6990.