Industrial data negative

28 July, 2011


The UK’s industrial and manufacturing data both showed suprise falls this morning, in further bad news for the Pound.

Manufacturing and industrial data for May were expected to show an increas on April’s figures – but the opposite has happened and damaged expectations of economic recovery, and hence the Pound has fallen.

Commercial exchange rates fell around 0.5c against both the Euro and Dollar on the release of the news.