Canada Feb Bank of Canada Consumer Price Index Core (MoM) improves 0.7% and (YoY) grows 1.4%

Disappointing GDP figures in the UK sent the GBP/USD off 1.5170/80 to test the psychological level at 1.5100 as the market starts its preparations for the NY opening. The annualized GDP in the UK was actually of 0.2% growth in Q4, instead of the expected 0.3%. The Current Account deficit improved less than expected, from £-15.074B to £-14.037B (consensus at £-12.700B). Not as bad as expected was Total Business Investment, that fell from 3.8% to -0.8% in Q4, beating consensus of -1.2%.