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GBP review

Quotes from RBC Capital Markets: -GBP: We expect the second reading of Q4/14 GDP growth to show an unrevised estimate of 0.5% q/q as recent marginal upside news on the industrial sector's performance in Q4 is broadly off…

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Quotes from RBC Capital Markets:

-GBP: We expect the second reading of Q4/14 GDP growth to show an unrevised estimate of 0.5% q/q as recent marginal upside news on the industrial sector's performance in Q4 is broadly offset by marginal downside news out of the construction sector.

-The BoE staff expects Q4/14 GDP growth to settle at 0.6% q/q in its 'final' vintage, but that revision may not materialise for several more iterations yet.

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