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Relatively small surprises leave markets unreactive

UK DATA
  • Overall the surprises in the data here are relatively small and unlikely to have any real impact on monpol and so unlikely to have any real impact on markets.
  • At first glance there is good manufacturing and construction performance (albeit both after negative revisions to January) but services were disappointing (after January was revised up) and the trade balance was wider than expected.
  • No real reaction in GBP at the time of writing.
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