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 £10.29 billion in January from £10.45 billion in December. December's figure was revised down from a deficit of £9.92 billion.

The decline in deficit was driven by a smaller gap with non-EU countries.

The total trade deficit, including services, narrowed to £3.46 billion in January from £3.70 billion in December. December's figure was revised down from a deficit of £2.71 billion.