Forex Flash: UK triple-dip less likely - UBS

FXstreet.com (Córdoba) - Tuesday's publication of the February industrial and manufacturing output data "has reduced the chances of a negative Q1 GDP print and thereby reduced the likelihood of a triple-dip recession in the UK", says the UBS analyst team.

"If the UK economy should be able to avoid a triple-dip recession, this should bring comfort to some of the more dovish Bank of England members and should reduce the likelihood of further easing", UBS says. "We keep our preference for GBP".