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UK GDP misses estimates- GBP/USD slips towards 1.22 again
That whole host of UK data has just now been released. The headline of that is the November GDP data, which was forecast to show a rise of 0.2%, up from a prior fall of 0.1%. It has actually risen by 0.1%. the 3 month rolling figure is zero and the other data on industrial and manufacturing data has also missed and by some margin too. Both are still falling and the trade deficit has widened again. Hence, the GBP/USD has fallen back, but not by that much yet. However, there is no escaping the fact that is data was not positive across any of it. The GBP/USD is now approaching a potential break below that 1.2200 handle again
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