The most recent data released by the Office for National Statistics last
Friday revealed that the UK's monthly Gross Domestic Product (GDP) increased by
0.1% in February, down from the previous reading of 0.3% growth. Additionally,
the UK Goods Trade Balance for February was reported at GBP-14.212 billion,
slightly better than the expected GBP-14.5 billion, though still a deficit
compared to the prior month's GBP-14.097 billion. Despite the positive economic
indicators, the Pound Sterling (GBP) remained subdued as investors foresee the
Bank of England (BoE) possibly lowering its interest rates sooner than the US
Federal Reserve (Fed).
