Demonstrably stronger than Reuter’s forecasts of +2.0% for manufacturing output and +1.5% for industrial production.
Manufacturing output strongest rise since July 2002.
Industrial production strongest rise since February 1987.
Cable sits at 1.5970. Well-documented barrier option interest lined up at psychological 1.6000. As a result, it’s not a major surprise to be hearing that there are ‘decent’ sell orders gathered up at 1.5990/00.
