• +0.7% prev
  • y/y + 3.1% vs 3.2% exp vs +2.7% prev
  • index of services Feb m/m +0.2% vs +0.3% exp vs +0.3% prev revised down from +0.4%
  • q/q +0.9% as exp/prev

Lower than expected and we’ve tested the 1.6800 support I mentioned from 1.6835. Currently 1.6810

Let’s see if we get any second wave selling to squeeze some longs. If not we have to accept its bid still

UK Q1 GDP table

UK Q1 GDP table

UK Q1 GDP qq chart

UK Q1 GDP qq chart