The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Friday. The U.K. trade deficit in goods narrowed to £11.96 billion in February from £12.16 billion in January. January's figure was revised down from a deficit of £10.29 billion.

The decline in deficit was driven by a rise in exports.

The total trade deficit, including services, narrowed to £4.84 billion in February from £5.23 billion in January. January's figure was revised down from a deficit of £3.46 billion.