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Morning;
UK GDP data disappointed the market coming in at just 0.3% growth versus 0.5% eyed and pushed the pair below the 1.5200 level in morning London dealing before it stabilized and rebounded somewhat.The preliminary GDP reading was disappointing on almost all levels with services output expanding only 0.5% vs. 0.9% eyed and Industrial production contracting by -0.1% vs. 0.2% forecast. This was the weakest reading since Q4 of 2012 and likely reflects the general global slowdown in economic a…
UK GDP data disappointed the market coming in at just 0.3% growth versus 0.5% eyed and pushed the pair below the 1.5200 level in morning London dealing before it stabilized and rebounded somewhat.The preliminary GDP reading was disappointing on almost all levels with services output expanding only 0.5% vs. 0.9% eyed and Industrial production contracting by -0.1% vs. 0.2% forecast. This was the weakest reading since Q4 of 2012 and likely reflects the general global slowdown in economic a…