Also according to the second release, the UK economy grew by 0.5% in Q4 2015 and y/y the figure was confirmed at 1.9%.
The pound can get back to concentrating on the “Should I stay or should I go” dilemma regarding the Brexit and this means extending its falls: the 1.39 level is under attack once again.
No change was expected to Q4 2015 GDP: a rate of 0.5% q/q and 1.9% were on the cards: exactly as in the preliminary read. There is one more revision left. Also the internal components matter.
GBP/USD was trading slightly lower within the already lower range, around 1.3925.
The pound has suffered badly all week from the growing prospects of a “Brexit”. Chances that the UK will leave the EU have risen after this stance received support from the prominent Boris Johnson.
Support awaits at the near 7 year lows of 1.3880 and resistance is at 1.3960, followed by 1.40 and 1.4050.
More: GBP/USD back to 1972, The whole of Europe will suffer from a Brexit
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