The preliminary Q3 GDP reading came in on the soft side as per my preview
That outcome was largely expected so traders had been short going in to the release. It's definitely a soggy reading but, containing only 50% of the data and mainly focussing on the output side of the economy, we might expect better revisions to come.
Good demand/support at 1.5300 has once again held with lows of 1.5305 but expect offers/res into 1.5350-60 should the pre-US durables rally extend that far.
Currently 1.5325 with EURGBP holding gains above 0.7200 but with res/offers into 0.7220
