The UK Gross Domestic Product for the month of February grew 0.4%, below the 0.6% expected by the market. In January, GDP stood at -2.2% (revised from -2.9%).
The British trade balance fell in February to -16,442B pounds after setting its January deficit at -12,592B pounds. The result has worsened the forecasts of -10.6B.
The Industrial production, meanwhile, has increased 1% monthly in February, surpassing the 0.5% forecast and the -1.8% previously. This is the biggest climb seen since October. Annually, the indicator has registered -3.5% in February, improving the -4.3% in January and the estimated -4.4%.
The monthly manufacturing production has grown by 1.3%, its biggest rise since October, improving the -1.8% previously and the -0.8% expected. Year-on-year, the indicator stands at -4.2% compared to the -5% of the previous month and the -5.1% estimated by the experts.
GBP / USD reaction
The pound has reacted to the data with a rise against the dollar of almost 20 pips that has taken it to the 1.3753 zone, very close to the highs of the day at 1.3755.
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