The Office of National Statistics of Great Britain announced production data for June. It is expected to decline by 0.2%, with industrial production increasing by 0.1%.
Industrial and factory output fell in May after an unexpectedly large increase in April, although the decline was less than economists predicted. Factory production fell on a monthly basis after an impressive 0.5% growth from 2.4% in April.
For June, economists forecasted a drop again but this time by 0.2%. The pound dropped to the bottom of the month in relation to others major currencies after data released, which showed that manufacturing in the UK fell in June, more than expected.
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