Investing.com - Manufacturing production in the U.K. rose in line with market expectations in July, while industrial output topped forecasts, 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 0.3% in July, meeting expectations. Manufacturing production in June rose by 0.3%.
On an annualized basis, manufacturing production rose at rate of 2.2% in July, in line with expectations, after rising at a rate of 1.9% in the preceding month.
The report also showed that industrial production rose by a seasonally adjusted 1.7% in July, compared to expectations for a 1.3% gain, after increasing 1.2% in June.
GBP/USD was trading at 1.6102 from around 1.6114 ahead of the announcement, while EUR/GBP was at 0.7993 from 0.7986 earlier.
Meanwhile, European stock markets remained lower. London’s FTSE 100 shed 0.2%, the DJ Euro Stoxx 50 dipped 0.1%, France's CAC 40 fell 0.1%, while Germany's DAX slumped 0.1%.