UK data smashes expectations again

Following a raft of positive data from the UK, including huge growth in the service sector announced yesterday, the Office for National Statistics has reported UK industrial production rose by a better-than-expected 1.2 per cent annually in June following a 4.3 per cent fall the month before.

Manufacturing production also beat expectations with a 2.0 per cent increase following a 2.9 per cent fall in May.

More details can be seen on the live blog.