The pound has fallen sharply following data suggesting a sluggish economy.

Manufacturing output fell 1.4% in April, the biggest fall for nearly six years, according to the ONS.

Another ONS report showed only a modest rebound in construction output, after a sharp contraction in March.

The pound fell three quarters of a cent after the data was released to $1.3350. Analysts say the data has eased pressure for a rise in interest rates.