HomeLive CommentsGBP shrugs off UK trade deficit and production, await BoE

GBP shrugs off UK trade deficit and production, await BoE

UK visible trade deficit widened to GBP -12.3B in March, from GBP -10.2B versus expectation of GBP -11.4B. Full release here.

Industrial production dropped rose 0.1% mom, 2.9% yoy in March, versus expectation of 0.2% mom, 3.1% yoy. Full release here.

Manufacturing production dropped -0.1% mom, rose 2.9% yoy in March, versus expectation of -0.2% mom, 2.9% yoy.

Construction output dropped -2.3% mom in March versus expectation of -2.2% mom.

GBP remains steady in tight range against USD and JPY after the data. Traders remain cautious ahead of BoE rate decision, voting and inflation report.

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