UK trade balance data report for February
– -£12.157bln prev revised down from -£10.289bln
– trade balance non-EU -£3.357bln vs -£2.5 bln exp vs -£4.363bln prev revised down from -£2.199bln
Ouch. Not good readings and on top of softer ind prod data we’ve seen GBPUSD knocked back a little but demand into 1.4100 holding still.