Sat, Oct 23, 2021 @ 10:53 GMT
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UK Q4 GDP finalized at 0.4% qoq, little reaction from GBP

A batch of data is released from UK:

  • GDP Q/Q Q4 F: 0.4% vs exp 0.4% vs prior est 0.4%
  • Current account (GBP) Q4: -18.4b vs exp -23.7b vs prior -22.8b
  • Index of services 3M/3M Jan: 0.6% vs exp 0.6% vs prior 0.6%
  • M4 money supply M/M Feb: -0.4% vs exp 1.3% vs prior 1.5%
  • Mortgage approvals Feb: 64k vs exp 66k vs prior 66k

There is little reaction to the set of data as expected.

For us, the main question is on when GBP/JPY’s corrective rise from 144.97 would end. Should be about time as it once again lose momentum as it approaches key resistance level at 150.92.

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