A big disappointment in the UK economy: the economy grew by only 0.3% q/q and only 2.4% y/y. The numbers take part of David Cameron’s wind out of his sails. His main point was the UK economic recovery. This doesn’t look so strong now. Miliband could say again that most people are not feeling it.
GBP/USD is falling over 50 pips to 1.5175. The recovery from the lows is very marginal, and another slide cannot be ruled out.
Read the rest of the article UK GDP only +0.3% – GBP/USD falls