UK fin min has just announced the latest UK growth forecasts
I had them in my previous post and they don't make good reading.
- 2016 GDP 2% vs 2.4% in Nov forecast
- 2017 GDP 2.2% vs 2.4% prev
- 2018 GDP 2.1% vs 2.4%
GBPUSD has now dropped through decent support/demand between 1.4080-85 to post 1.4063. Next layer of bids at 1.4050 with more tech support/demand at 1.4030-35
EURGBP is on session highs at 0.7884 with resistance/offers from here into 0.7800 and then more at 0.7820.