UK GDP data for Q2 will be released at 09:30 UK time and the market is expecting that the economy grew at around 0.2% compared with 0.5% in Q1.
There is a rumour doing the rounds that the number will be much worse than expected and may even show a contraction of 0.1%/0.2%. This rumour also did the rounds overnight and led to some ‘safe-haven’ selling of GBP/CHF.
