NIESR: UK GDP fell 0.2% in quarter to Feb, same as Jan

A modest contraction in UK GDP continues, says NIESR, the UK think tank.

Cable is waffling around 1.6090. Traders are back-tracking on earlier talk of a Goldman buy recommendation in cable. The trading desk is said to be bearish…sometimes the research department has an opposing view. I can’s swear by the earlier talk…