- UK GDP (Q4 A) Y/Y 0.0% vs. Exp. 0.2% (Prev. 0.0%)
- Falls in oil and gas extraction and factory output biggest downward pressure on Q4 GDP.
Reaction details (17:37)
- In an immediate reaction GBP/USD fell 41 pips from 1.5810 to 1.5769, Gilts moved 9 ticks up from 116.96 to 117.05 and Short sterling strip went from being flat to +2 ticks.
Analysis details (17:37)
- ONS says mining and quarrying took off 0.18pp from Q4 GDP , Q4 mining output drops 10.2%, biggest decline on record.
25 Jan 2013 - 17:30 - - Source: Newswires
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