Special report: UK GDP and GBP Outlook
We would caution against getting carried away with any rallies in the Pound should today's Q3 UK GDP data exceed expectation and would argue that short term risks are still tilted to the downside for these three reasons.
Next 24 hours: Pound Shines, Aussie and Cad Crushed
The Pound was a clear outperformer on the day, clearly benefitting from the above forecast Q3 UK GDP, though gains were certainly tempered by ongoing broad based support for the US Dollar and lingering Brexit negotiation uncertainty. Looking ahead, the ECB decision comes into focus.