UK data - car output dropped last year at the fastest rate since the 2008-9 recession

Society of Motor Manufacturers and Traders (SMMT) data ut earlier

• Production -14.2% y/y to 1.3 million cars in 2019
• third consecutive fall

On a brighter note investment nearly doubled to 1.1 bn GBP (Jaguar Land Rover to build electric vehicles)

Info via Reuters

Also on a brighter note:

• UK business confidence for January jumps to 23 from 10 prior

BoE meeting today:

• GBP - How to trade the Bank of England decision due Thursday 30 January 2020
• Bank of England monetary policy meeting Thursday 30 January 2020 - forecast for an interest rate cut