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GBP: UK manufacturing production in the spotlight - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, suggests that the UK’s November month manufacturing industrial production likely recorded a small gain of 0.1% (same as consensus), which will reverse some of October's loss.

    Key Quotes

    “UK manufacturing has had a terrible year thus far, with three consecutive quarters of decline, though Q4 growth is likely to be positive. If recent weakness in the currency is maintained, we should see manufacturing build on its 15Q4 gain into early 2016.”
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