Investing.com - Manufacturing production in the U.K. rose broadly in line with expectations in August, while industrial output was flat, official data showed on Tuesday.
In a report, the U.K. Office for National Statistics said that manufacturing production inched up by a seasonally adjusted 0.1% in August, meeting expectations. Manufacturing production in July rose by 0.3%.
On an annualized basis, manufacturing production rose at rate of 3.9% in August, above expectations for a gain of 3.4%, after rising at a rate of 3.5% in the preceding month.
The report also showed that industrial production was flat in August, compared to expectations for a 0.2% gain, after increasing 0.4% in July.
GBP/USD was trading at 1.6084 from around 1.6082 ahead of the announcement, while EUR/GBP was at 0.7845 from 0.7846 earlier.
Meanwhile, European stock markets remained lower. London’s FTSE 100 shed 0.6%, the DJ Euro Stoxx 50 dipped 0.8%, France's CAC 40 fell 0.7%, while Germany's DAX slumped 0.7%.