UK production falling slower than expected
The UK's GDB for February remained unchanged from January. Although the expectations of 0.1% growth went unfulfilled, January's GDP figures were revised upward from 0.3% to 0.4%. The manufacturing PMI indicator exceeded expectations: it went down 3.1% y/y versus the forecast of 3.7%. Against the US dollar's overall weakening, GBP/USD may continue to rise.
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