There is a world outside the US presidential elections, with important data coming out of the UK. Industrial output is down 0.4% month over month, worse than 0% expected. Year over year, production is up 0.3% instead of 0.8% expected. However, manufacturing production is up 0.6% m/m, better than 0.4% predicted and 0.2% y/y, also above a drop of 0.1% that was on the cards.
The data is for the month of September and the figures impact the revised Q3 GDP, which came out better than expected.
GBP/USD traded around 1.2427, slightly recovering from the elections-related blow seen yesterday. Cable remains mostly unchanged after the data came out.
GBP/USD went up with Trump and down with Clinton, but its behavior could change on election night.
And the video:
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