UK May Industrial production rises sharply to +1 % m/m,

from flat m/m and well above forecasts of -0.2%. Strongest rise since March 2010

Mfg output +1.2%m/m, (expected unchanged at -0.7%) strongest rise since May 2011

UK May Global goods balance narrows to -£8.363 bln (expected -£9bln) after a revised -£9.709 in April

Cable spiked up 20 pips on the stronger data and is settling around 1.5530