BREAKING: EURGBP flat after UK data and final CPI from Germany

UK Manufacturing production MoM: 1.2% vs 0.1% exp. and 0% previously

• Industrial production MoM: 1.4% vs 0.6% exp. and 0.5% previously (1.1% MoM vs 0% exp. and -0.2% previously)
• Services: 0.1% vs 0.% exp and 0.2% previously

UK GDP estimate YoY:  -0.2% vs -0.4% exp. vs -0.3% previously

• MoM: 0.1% vs 0.1% exp. vs 0.2% previously
• 3M/3M: 0.2% vs 0.1% exp. vs -0.1% previously

Final German CPI YoY: 2.2% vs 2.2% exp. and 2.2% in first reading (0.4% MoM, in line with previous reading)

• Final German HICP YoY: 2.3% vs 2.3% exp. and 2.3% in first reading (0.6% MoM, in line with previous reading)

Data from the UK came in stronger than expected, especially in production and manufacturing, while final CPI from Germany didn't change. EURGBP loses, but only slightly after the data.

Source: xStation5