GBP: Downside risks to manufacturing output – TDS

FXStreet (Delhi) – Research Team at TDS, sees downside risks to UK Oct manufacturing output, where they see -0.6% (mkt -0.2%) after the healthy +0.8% for Sep.

Key Quotes

“The sector is feeling the strains of a relatively high GBP, and will continue to be a drag on UK growth. Luckily domestic demand in other sectors—particularly those related to consumer spending and services—is keeping the UK economy on a healthy growth track.”