Friday, October 16, 2026

Technicals

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GBP/USD boosted by upward revision to UK Q4 GDP

Pair inflated by unexpected upward revision to UK Q4 GDP growth Previous estimates stood at 0.6% q/q & 3.0% y/y vs 0.5% & 2.7% 1.48 was knee-jerk cable high post data vs 1.4755 pre-data low UK Q4 current account deficit …

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair inflated by unexpected upward revision to UK Q4 GDP growth

  • Previous estimates stood at 0.6% q/q & 3.0% y/y vs 0.5% & 2.7%

  • 1.48 was knee-jerk cable high post data vs 1.4755 pre-data low

  • UK Q4 current account deficit higher than expected, GBP 25.3bn vs GBP 21.5bn consensus

 

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By FxWirePro Team