GDP YoY comes in at 1.5 % vs 1.5% expected

  • GDP previous was 0.4%
  • GDP YoY prior was 1.5%
  • Business Investment Q3 QoQ : 0.2 % vs 0.3% expected, prior was 0.4%
  • Business Investment Q3 YoY: 1.3 % vs 1.4% expected, prior was 1.5%
  • Index of Services : 0.3 % vs 0.4% expected , prior was 0.4%
  • Private Consumption Q/Q: 0.6% v 0.4%e
  • Govt spending Q/Q: 0.3% v 0.3%e
  • Gross Fixed Capital Formation Q/Q: 0.2% v 0.4%e
  • Exports Q/Q: -0.7% v -0.7%e
  • Imports Q/Q: 1.1% v 0.9%e

Reminder that Hammond downgraded GDP previsions yesterday during the Budget Statement. GBP was on a slide lower in the half hour ahead of the number , stabilises here @ 1.3295.
The slide prior to the numbers must be attributed to the Euro demand and some profit taking in case of a weaker outcome .The 1.3270/80 support seems good enough for a hold this morning as the components come out inline or slightly above expectations.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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