UK April monthly GDP 0.0% vs 0.0% m/m expected

• Prior +0.4%
• Services +0.2% m/m
• Prior +0.5%
• Industrial output -0.9% m/m
• Prior +0.2%
• Manufacturing output -1.4% m/m
• Prior +0.3%
• Construction output -1.4% m/m
• Prior -0.4%

Looking at the breakdown contribution, services was up (+0.19%) and that is offset by falls in production (-0.11%) and construction (-0.09%) on the month. All in all, this will continue to keep the BOE on its toes as price pressures continue to hold up for the time being.

This article was written by Justin Low at www.forexlive.com.