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Pound weakens after mixed U.K. data

01/11/2017

Sterling weakened Wednesday after mixed U.K. dataThe pound was down 0.40% at $1.2127 at 05:30 ET. Sterling eased 0.18% to €1.1516.U.K.manufacturing output rose 1.3% in November MoM vs. forecast of 0.5% growth.Industrial production also beat forecasts, but construction activity declined MoM.The trade deficit widened more than expected heightening concerns about the current account shortfall. Sterling has been under pressure this week on renewed fears of a "hard Brexit."