UK GDP expands 0.2% MoM in January, as expected

• UK GDP rebounded 0.2% MoM in January vs. 0.2% forecast.
• GBP/USD remains unfazed below 1.2800 after the UK data.

The UK economy returned to expansion in January, rising 0.2% after contracting 0.1% in December, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market expectations were for an expansion of 0.2% in the reported period.

more to come ...