UK Q4 GDP (final revision) -0.5% q/q, +1.5% y/y

Well we got an upward revision. Big deal. We’ve gone from -0.6% q/q to -0.5% q/q. The +1.5% y/y is unrevised.

ONS says December snow reduced Q4 GDP by around 0.5%. Growth flat without bad weather. Yipeeeeee.

Q4 current account -10.488 bn, as expected.

February mortgage approvals 46,967 vs 46,152 in January. Highest since last November and above median forecast of 46,000.

Mortgage lending +1.2 bn, as expected.

M4 money supply growth -0.3% m/m, weaker than median forecast +0.7%.