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Strong UK Manufacturing Report Is Sending The British Pound Higher

Sam RoMay 9, 2013, 14:08 IST

Motor AuthorityThe British pound is strengthening after some strong U.K. economic data.

Manufacturing output climbed by 1.1% in March, beating expectations for 0.3% growth.

Industrial output increased by 0.7%, also beating expectations for a 0.2% gain.

All of this comes ahead of the Bank of England's interest rate policy announcement later this morning.