UK August GDP 0.0% vs +0.1% m/m expected

Latest data released by ONS - 10 October 2018

• Prior +0.3%
• GDP +0.7% vs +0.6% 3m/3m expected
• Prior +0.6%; revised to +0.7%

• Index of services 0.0% vs +0.1% m/m expected
• Prior +0.3%
• Index of services +0.5% vs +0.5% 3m/3m expected
• Prior +0.6%; revised to +0.7%

The monthly estimate was a bit of a miss there as GDP remains unchanged in August but the rolling 3 months reading was better than expected accompanied by a better revision. A rather balanced reading overall and there isn't much of a reaction in the pound as a result. Again, it's still all about Brexit at this point.