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UK: Goods Trade deficit narrows in January against expectations

UK Goods Trade deficit narrowed to £8.195 billion in January from £8.738 billion in December, according to data released today by National Statistics. Analysts expected the deficit to widen to £9.000 billion.

UK Total Trade deficit narrowed to £2.362 billion in January, from £2.811 billion in December. Trade deficit non-EU narrowed to £3.280 billion from £4.169 billion, and against expectations of widening to £4.500 billion.

Forex: EUR/GBP rallies above 0.8750 on UK industrial production

The EUR/GBP has been finding resistance at the 0.8750 area and the London opening allowed a pullback to 0.8720 zone ahead of the load of UK data. Numbers came in mixed with good trade data in concerning industrial/manufacturing figures, but investors show clear worries and the GBP is at a selloff now. The EUR/GBP rallies above 0.8750, already at 0.8778 high.
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