GBP: UK manufacturing production in the spotlight – TDS
|By FXStreet FXStreet (Delhi) – Research Team at TDS, suggests that the UK’s November month manufacturing industrial production likely recorded a small gain of 0.1% (same as consensus), which will reverse some of October’s loss.
Key Quotes
“UK manufacturing has had a terrible year thus far, with three consecutive quarters of decline, though Q4 growth is likely to be positive. If recent weakness in the currency is maintained, we should see manufacturing build on its 15Q4 gain into early 2016.”
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Source:: FX Street