BREAKING: EURGBP slightly loses after UK GDP and manufacturing data

UK GDP Estimate QoQ: 0% vs -0.05% exp. and 0.4% previously

• UK GDP 3M/3M: 0.7% vs 0.7% exp. and 0.6% previously
• UK GDP estimate YoY: 0.6% vs 0.6% exp. and 0.7% previously

UK Industrial production YoY: -0.4% vs exp. 0.3% and 0.4% previously (MoM: -0.9% vs -0.1% exp. and 0.2% previously)

• UK Manufacturing production YoY: 0.4% vs exp. 1.5% and 2.3% previously (MoM: -1.4% vs exp.- 0.2% and 0.3% previously
• UK Construction output MoM: -1.4% vs 0% and -0.4% previously
• UK Services: 0.2% vs -0.1% exp. and 0.5% previously

Germany final May CPI and HICP inflation readings came in line with previous readings in both MoM and YoY dynamic and EURGBP loses slightly after today reading. The pair is traded at the lowest level since August 2022. Manufacturing and industrial output data from the UK came in weaker than expected.

Source: xStation5