The ONS have now come out with an estimate on how much the awful Q1 construction output data will take off Q1 GDP. They say that it will take off 0.3 % points whuch would put the figure at -2.2% from -1.9%. The market is focused on Q2 and beyond now though.
Cable is enjoying a breather after the whirlwind sell-off of the last few days, currently at 1.6050
