UK: Trade and industrial production in the limelight – Nomura

Analysts at Nomura suggest that trade balance and industrial production data from the UK are going to be the key economic releases for today’s session.

Key Quotes

“January’s goods deficit widened by just over £0.5bn to £12.3bn thanks to a worsening in the underlying position which more than offset a surge in the erratics surplus. We look for a small improvement in the deficit in February.”

“Industrial production: Manufacturing production has risen for nine months in a row now helped by a combination of strong global growth and a weak sterling. While there is always the risk of an erratic fall in these figures in any given month (they can be highly volatile), the surveys give us no reason not to forecast another rise in February.”