Q2 2014 UK GDP flash 0.8% vs 0.8% exp q/q

• Prior 0.8%
• 3.1% vs 3.1% exp y/y. Prior 3.0%
• May index of services 0.3% vs 0.2% exp m/m. Prior 0.3%
• 3m average 1.0% vs 1.0% exp. Prior 0.9%

Cable ticks up 16 odd pips to 1.6992

Service sector output rose 1.0% vs 0.8% prior Q/Q, strongest since Q3 2012. Industrial output fell to 0.4% from 0.7% in Q1 and there was a contraction in construction of -0.5% from +1.5% in Q1 and the first contraction since Q1 2013

UK Q2 2014 GDP 25 07 2014

UK Q2 2014 GDP m/m & y/y 25 07 2014