• GBP- 6.2 bln revised up from 13.0 bln prev
  • Index of services Nov Q3 +0.8% vs +0.4% exp vs +0.8% prev

Worse trade data to weigh against stronger Q3 Y/Y revision

Biggest deficit since Q3 1989 and equivalent to 5.1% of GDP

Another reality check for the UK

GBPUSD up to 1.6366 before falling again to 1.3338 as traders take note