This print follows severe misses by France and Germany in the eurozone earlier on Thursday.
The Bank of England (BoE) may decide to proceed toward a 50bps rate hike at its upcoming meeting in light of the June 22 UK inflation report and UK PMI readings on Thursday.
The economy might not be in serious trouble at the time being and could aid in the struggle against inflation.
The first market reaction reveals the emergence of GBP bulls as hawkish wagers rise on the charts for GBP/USD and EUR/GBP, correspondingly.
