Investing.com - Manufacturing production in the U.K. rose in line with forecasts in June, while industrial output declined unexpectedly, official data showed on Thursday.
In a report, the U.K. Office for National Statistics said that manufacturing production increased by a seasonally adjusted 0.2% in June, matching expectations and following a decline of 0.6% in May.
On an annualized basis, manufacturing production rose at rate of 0.5%, beating estimates for a gain of 0.4%, after rising at a rate of 1.0% in May.
The report also showed that industrial production fell by a seasonally adjusted 0.4% in June, disappointing expectations for a gain of 0.1%, after increasing 0.3% in the preceding month.
GBP/USD was trading at 1.5600 from around 1.5611 ahead of the announcement, while EUR/GBP was at 0.6986 from 0.6981 earlier.
Meanwhile, European stock markets were mixed. London’s FTSE 100 shed 0.25%, the EURO STOXX 50 inched up 0.1%, France's CAC 40 added 0.1%, while Germany's DAX tacked on 0.2%.