Data for Manufacturing output will be released later this morning with market expectations for a very small increase from the 40.6 level seen this month. This should provide the pound with further support as it will be another indication that activity has bottomed out.

It was a political truism spouted at the time of the last election campaign (which was only a little more than six months ago) that if Labour couldn't win with Brexit negotiations in such a shambles and accusations that they had been mishandled from day one, then they could never win.

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