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UBS On-Air: Paul Donovan Daily Audio 'Trade details'
Published 1 day, 11 hours ago
Description
UK monthly GDP data was stronger than expected, and revised stronger for the previous month—but the monthly GDP data is economists’ version of white noise (a background hum to help one sleep). Manufacturing and services data was stronger and generally revised up. Trade data showed a lot more volatility in previous metal trade, and stronger exports (away from the US). European trade data should also show normal non-US trade.