*Pound Drifts Lower Against Majors Amid U.K. Industrial Production Report; Now At 0.9115 Against Euro

*U.K. Jan. Manufacturing Output Up 0.2% Annually, Consensus 1.4%

*U.K. Jan. Industrial Production Drops 1.5% Y-o-Y, Consensus 0.8% Decline

Italy Industrial Production Rebounds In January

*U.K. Jan. Manufacturing Output Down 0.9% M-o-M, Consensus 0.2% Rise