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Forex Flash: Downside risks in today's UK data – TD Securities

TD Securities analysts point to UK January industrial production and trade balance, as well as the NIESR’s GDP estimate for February, as interesting for the investor's eye. “We expect industrial production to contract by around -0.7% M/M on the manufacturing side (mkt flat) although total IP should be better with colder weather requiring utilities”, wrote analyst Annette Beacher, pointing to downside risk to the trade data (mkt –£8.95b) “since weaker manufacturing activity will weigh more on exports, and as any snow-related transport disruptions would have a larger impact on exports than on imports”.
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Forex: GBP/USD hovering over 1.4900, UK data eyed

The sterling is recovering ground from overnight losses, hovering over the key resistance of 1.4900 ahead of trade balance figures and industrial/manufacturing production in the British economy...
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