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Rabu, 23 Desember 2015

UK Q3 GDP final QQ +0.4% vs +0.5% exp

Final Q3 reading now out

– +0.5% prev

– yy +2.1% vs +2.3% exp/prev

– exp vs -17.5bln prev  from -16.8bln

– Q3 labour costs +2.0% yy, +0.3% qq

– total business investment qq +2.2% as exp/prev

Not good news for the GBP bulls and the pound is slipping albeit not tumbling. Better than exp c/a data helping to temper losses as is higher household disposable income





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