Details from the Q3 2016 UK GDP final data report 23 December 2016
Prior revision 0.5%. Q2 0.7%. Revised to 0.6%
2.2% vs 2.3% exp y/y. Prior rev 2.3%. Q2 2.1%
Exports -2.6% vs 0.7% prior rev. Q2 -1.0%
Imports 1.4% vs -1.5% prior rev. Q2 1.3%
Business investment 0.4% vs 0.9% prior rev q/q. Q2 1.0%
-2.2% vs -1.6% prior rev y/y. Q2 -0.8%
Index of services 0.3% vs 0.2% exp m/m. Prior 0.2%
1.0% vs 0.8% exp yy/y. Prior 0.8%. Revised to 1.0%
Q3 current account -25.5bn vs -28.2bn exp. Prior -28.7bn. Revised to -22.1bn
Not as good a final read as the tick up in the headline suggests. Exports dive, imports jump, household income fell (-0.6%), and the biggest fall since Q4 2013.
Q1 and Q2 have also been revised lower by a pip each.
There's not a lot here that gives reason for the pound to jump.
