UK: Preliminary GDP grows 0.8% in Q3, as expected

FXstreet.com (Barcelona) - On a quarterly basis UK flash GDP increased 0.8% in Q3, slightly up from the 0.7% rise registered the previous quarter, according to data released today by National Statistics. This result is in line with market consensus.

Year-over-year GDP rose 1.5% in Q3, following a 1.5% increase also in Q2, as expected.

USD/CHF moves at a very confined range as the dollar softens

The USD/CHF is struggling to hold the 0.8900 area amidst a risk off environment that is carried from the Asian trading session, as well as to the sharp uptrend move of the EUR/USD.
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GBP/USD eyes 1.6240 on UK GDP

The sterling kept the composure after the UK GDP data, with the GBP/USD pushing prices towards the upper end of the band at 1.6230/40 in the wake of the release....
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