Investing.com - Manufacturing production in the U.K. fell for the first time in five months in October, while industrial output also declined, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production decreased by a seasonally adjusted 0.7% in October, disappointing expectations for a gain of 0.2%.
Manufacturing production in September rose by 0.6%, whose figure was upwardly revised from previously reported rise of 0.4%.
On an annualized basis, manufacturing production rose at rate of 1.7% in October, missing expectations for a gain of 3.2%, after rising at a rate of 2.9% in the preceding month.
The report also showed that industrial production fell by a seasonally adjusted 0.1% in October, compared to expectations for a 0.2% gain, after rising 0.7% in September.
GBP/USD was trading at 1.5647 from around 1.5663 ahead of the announcement, while EUR/GBP was at 0.7895 from 0.7884 earlier.
Meanwhile, European stock markets remained lower. London’s FTSE 100 shed 1.1%, the EURO STOXX 50 dipped 1%, France's CAC 40 fell 1.1%, while Germany's DAX slumped 0.75%.