UK's NIESR 2018 Q1 GDP estimate +0.2% vs +0.4% in Q4 2017

UK's NIESR out just now with latest report 11 April

  • main reason for weakness was severe weather

Ah, the old weather card being played again.

GBPUSD 1.4184 going nowhere in a hurry after the earlier retreat from 1.4224. GBPJPY and GBPCHF selling helping to cap now along with EURGBP demand after holding 0.8700 yet again.

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