- British GDP grew 0.1% monthly in February, compared to the estimated 0.1%.
- GBP/USD remains below 1.2650 after UK data.
The British economy expanded 0.1% in February, after having risen 0.3% in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market consensus pointed to an expansion of 0.1% in the period analyzed.
For its part, the services index (February) stood at 0.2% quarter-on-quarter, compared to 0% in January.
Other data from the United Kingdom showed that industrial and manufacturing production rose by 1.1% and 1.2%, respectively, in February.
On the other hand, the UK goods trade balance stood at GBP 14.212B monthly in February, compared to the expected GBP 14.50B and GBP 14.097B previously.
Markets react to UK data
The British Pound is feeling the pull of the severity of mixed UK economic data. At the time of writing, the pair GBP/USD It falls 0.10% and stands at 1.2535.
Current quote of the Pound sterling
Below is the percentage change of the British Pound (GBP) against the main currencies listed today.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.19% | 0.14% | 0.19% | 0.28% | 0.03% | 0.19% | 0.18% | |
| EUR | -0.17% | -0.04% | 0.00% | 0.10% | -0.15% | 0.00% | -0.01% | |
| GBP | -0.15% | 0.04% | 0.04% | 0.14% | -0.11% | 0.03% | 0.03% | |
| CAD | -0.19% | -0.02% | -0.01% | 0.10% | -0.15% | 0.01% | -0.01% | |
| AUD | -0.28% | -0.12% | -0.13% | -0.07% | -0.25% | -0.13% | -0.08% | |
| JPY | -0.04% | 0.12% | 0.12% | 0.14% | 0.25% | 0.15% | 0.13% | |
| NZD | -0.19% | -0.01% | -0.05% | 0.00% | 0.07% | -0.15% | -0.01% | |
| CHF | -0.16% | 0.03% | -0.01% | 0.03% | 0.12% | -0.12% | 0.02% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
