The third and “final” GDP read for Q3 shows a growth rate of 0.9%, lower than !5 reported in previous session.
GBP/USD remains stable, at a safe distance from the triple top.
In addition, the UK reported two other important figures: Current Account showed a deficit of 12.8 billion, lower than 14.1 that was expected and 17.4 in Q2. This is pound positive.
However, Public Sector Net Borrowing rose to 15.3 billion, higher than 14.3 billion that was expected. This is pound negative – the task of the British government to cut the deficit isn’t that successful.
Further reading: GBP/USD forecastGet the 5 most predictable currency pairs