UK: Key risk events ahead - Nomura

Analysts at Nomura offer the previews of the key risk events due on the cards from the UK docket today at 0830 GMT.

Key Quotes:

“Trade balance: 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 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.”