UK industrial production for January fell -2.6% m/m and -11.4% y/y, much worse than consensus forecasts of -1.2% and -9.9% respectively. The m/m decline was the weakest since June 02, while the y/y decline was the weakest since January 81. Truly brutal numbers. Cable lower, down to 1.3810 at writing from 1.3835 post release.