UK: GDP falls 0.3% in Q4, as expected

On a quarterly basis UK GDP decreased 0.3% in Q4, compared with 1% growth registered the previous quarter, according to data released today by National Statistics. This result is in line with market consensus.Year-over-year GDP rose 0.3% in Q4, after remaining flat in Q3 and against expectations of no change.

Feb 27, 2013

Forex: GBP/USD pares gains following mixed GDP data in UK

The GBP/USD has recently fallen into negative territory Wednesday on the heels of mixed economic data out of the United Kingdom. A recent upside attempt was stonewalled at 1.5137, and in recent minutes the pair has fallen nearly 30 pips to trade at 1.5106/10 presently.

UK: Index of Services declines 0.1% in December

The UK Index of Services fell 0.1% in December, compared with 0.6% growth in November, National Statistics reported on Wednesday. Market consensus pointed to a 0.1% rise.