UK Industrial and Manufacturing figures better than forecast (Mike Vaughan)

Sterling has received another boost this morning with better than expected UK manufacturing and industrial production figures. This comes following yesterdays strong gains that pushed the pound to a 16 month high against the Euro. Focus will now be on this afternoons NIESR (National Institute for Economic and Social Research) who will release their latest GDP estimate at 15:00. As a well respected think tank they are often very close to the mark with their predictions and will set the tone for the official figures at the end of the month.

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