The UK economy grew in line with expectations in February, according to numbers on Friday.
According to the Office for National Statistics, UK gross domestic product rose by 0.1% in February from January, in line with FXStreet cited consensus. UK GDP had expanded 0.3% on-month in January, according to revised data.
The ONS said that in February, industrial production increased by 1.1% from January. It was expected to be unchanged, according to FXStreet cited consensus. Production declined by 0.3% in January from December.
On an annual basis, industrial production improved by 1.4% in February, having risen by 0.3% a month earlier.
Finally, data showed the UK trade deficit narrowed to £2.29 billion in February, from £3.13 billion in January.
The value of goods imports fell by 0.4% in February, because of falls in fuel and chemical imports from non-EU countries.
The value of goods exports increased by 0.9%, with a rise in exports to non-EU countries partially offset by a fall in exports to the EU.
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