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UK GDP 0.4% q/q but only 2.0% y/y

A small miss on year over year GDP: 2% instead of 2.1% initially reported and expected. Quarter over quarter, things are bang on expectations at 0.4%. Business investment missed with a fall of 0.5% against 3.2% expected. Also the BBA’s mortgage approvals did not meet expectations by sliding to 40.1K against 44.8K predicted. GBP/USD looks […]

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UK GDP 0.4% q/q but only 2.0% y/y