UK Q1 GDP was left unrevised at 0.1% qoq meeting market consensus, but probably not BoE Governor Mark Carney’s expectation. Index of services rose 0.3% mom in March. BBA mortgage approvals rose to 38.0k in April.
EUR/GBP jumps slightly after as German Ifo came in slightly higher than expected. But it’s limited well inside near term falling channel. There is no clear sign of a breakout yet. And price actions could remain choppy and relatively directionless.
