UK reported stronger than expected Q3 GDP – BBH

Research Team at BBH, notes that the UK reported stronger than expected Q3 GDP as the preliminary estimate is that the economy expanded by 0.5%. 

Key Quotes

“Many had expected a 0.3-0.4% pace after a 0.7% Q2 expansion.  The strength of services seems to have more than offset the other drags.  Sterling continues to trade in the consolidative range that has confined prices since the flash crash.”