BREAKING: UK GDP data meets expectations, no change in GBPUSD

08:00 AM GMT, United Kingdom - GDP data for January:

Monthly GDP 3M/3M Change: actual -0.1%; forecast -0.1%; previous -0.3%;
GDP: actual -0.3% YoY; forecast -0.3% YoY; previous 0.0% YoY;
GDP: actual 0.2% MoM; forecast 0.2% MoM; previous -0.1% MoM;

08:00 AM GMT, United Kingdom - Manufacturing Production for January:

actual 2.0% YoY; forecast 2.0% YoY; previous 2.3% YoY;
actual 0.0% MoM; forecast 0.0% MoM; previous 0.8% MoM;

08:00 AM GMT, United Kingdom - Industrial Production for January:

Industrial Production: actual 0.5% YoY; forecast 0.7% YoY; previous 0.6% YoY;
Industrial Production: actual -0.2% MoM; forecast 0.0% MoM; previous 0.6% MoM;

08:00 AM GMT, United Kingdom - Balance of Tade Data for January:

Trade Balance Non-EU: actual -3.42B; previous -3.32B;
Trade Balance: actual -14.52B; forecast -14.90B; previous -13.99B;

The data pack about UK economy is just published, data came largely in line with expectations. The GDP report shows a modest increase in the services sector, contributing to slight overall growth in the UK economy at the beginning of the year. The latest encouraging PMI figures for February further support this trend, helping to ease concerns about an imminent recession, at least for the time being.

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