UK Q-2 GDP has been revised up slightly to -0.7% q/q, -5.5% y/y from provisional -0.8%, -5.6% respectively.
The ONS says the upward revision due to manufacturing, energy, wholesaling and motor vehicles. At the end of the day the revision doesn’t amount to a hill of beans. Still pretty crap.
Cable having rallied to a session high 1.6328 (just shy of aforementioned technical resistance at .16330) ahead of the release, is slipping lower post release, presently at 1.6300.
