The UK Gross Domestic Product stood at 0.4% in October, as expected, seven tenths below the 1.1% of September. The reading for October is the lowest recorded by the indicator in six months, specifically since last April.
Industrial production grew 1.3% in October, beating the 0.5% previously and 0.3% expected, its biggest rise in three months. Year-on-year, the indicator fell 5.5%, moderating the previous 6.3% decline and the 6.5% drop estimated by experts. The annual reading is the most moderate seen since February.
Manufacturing production increased 1.7% monthly in October, surpassing the 0.2% in September and the 0.3% expected. This is the biggest rise in three months. Year-on-year, the indicator fell 7.1%, improving on the previous 7.9% decline and the expected 8.4% drop, registering its smallest drop in eight months.
GBP / USD reaction
The GBP/USD has reacted to the publication with a drop of 20 pips that has brought it near the 1.3330 zone. At time of writing, the pair is trading above 1.3332, shedding 0.48% on the day. The negative momentum is given by the stagnation of the Brexit talks, whose agreement has once again been delayed until next Sunday.
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