Sterling dips notably lower after a batch of weaker than expected data.
Visible trade deficit widened to GBP -14.0B in April, from GBP -12.0B, missed expectation of -11.5B.
Industrial production at -0.8% mom 1.8% yoy in April , versus expectation of 0.1% mom 2.7yoy and prior 0.1% mom 2.9% yoy
Manufacturing production at -1.4% mom 1.4% yoy, versus expectation of 0.3% mom 2.9% yoy, and prior -0.1% mom 2.9% yoy.
Construction output rose 0.5% mom in April versus expectation of 2.4% mom and prior -2.3% mom.
The pound will face more tests in CPI, employment and retail sales later in the week.
