• 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