FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that UK Q4 GDP fell by 0.3%, a bigger fall than expected, and the pound is suffering.
He writes, “The underlying trend of the UK GDP data is basically flat, and whether Q4 was just above or just below doesn’t change much. But uncertainty about the UK’s EU membership and status, no growth, and a sterling-negative policy bias, are all going to go on undermining the currency.”
He writes, “The underlying trend of the UK GDP data is basically flat, and whether Q4 was just above or just below doesn’t change much. But uncertainty about the UK’s EU membership and status, no growth, and a sterling-negative policy bias, are all going to go on undermining the currency.”
