Flash: Sterling exports needs EZ – TDS

FXstreet.com (London) - Marcin Budkiewicz, Strategist, Rates and FX Research at TD Securities, noted that there were no shocks in the second print of UK GDP and even in the details were largely in line.

Key Quotes:

“There was a bigger drag from exports than expected, which can still be another decent boost for the UK should the Eurozone get back to growth”.

“The September services numbers were slightly weaker at +0.2% M/M instead of 0.4% M/M, but not enough to meaningfully bias the handoff to Q4”.