UK Production Misses Expectations, Sterling Suffers

The Great Britain pound was soft today as Britain’s manufacturing and industrial production failed to meet analysts’ expectations.
While production rose in March after falling in February, its growth trailed forecasts. Manufacturing rose by just 0.1% instead of the predicted 0.4%. Industrial production grew 0.3% compared to the consensus forecast of 0.7%.
GBP/USD was little changed at 1.4434 as of 13:31 GMT today after falling from the opening of 1.4440 to 1.4394 intraday. EUR/GBP gained from 0.7871 to 0.7903.

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