02:15 PM BST, United States - Manufacturing Production for August:
- actual 0.9% MoM; previous -0.7% MoM;
02:15 PM BST, United States - Industrial Production for August:
- Industrial Production: actual 0.8% MoM; forecast 0.2% MoM; previous -0.9% MoM;
- Industrial Production: previous -0.18% YoY;
US industrial production data also surprised positively, as did retail sales data. Today's releases are more supportive of a 25 bp Fed cut at tomorrow's meeting. However, investor expectations remain split between 25bp and 50bp.
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