UK Q4 GDP revised down to -0.6% q/q, +1.5% y/y

From preliminary -0.5%, +1.7% respectively. Cable lower, presently at 1.6110.

Biggest Q/Q fall since Q2 2009.

ONS says downward revision due to lower production, services output. Bad weather impact still seen subtracting 0.5% points from quarterly GDP.

UK Treasury: Downward revision to Q4 GDP figures does not change need to deal with deficit. Survey data so far this year has exceeded expectations.