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October 2015

UK GDP slows in the 3rd quarter

Published: Tuesday 27 October 2015

UK Gross Domestic Product (GDP) slows in the 3rd quarter as construction and manufacturing sectors slump. Headline figure 0.5% against previous of 0.7% quarterly. Policy makers at the Bank of England will remain in a 'wait-and-see' mode; interest rates are unlikely to increase for the foreseeable and consequently the pound has just lot a bit of ground this morning.

Tomorrow we willl see Reserve Bank of New Zealand (RBNZ) and US Fed interest rate decisions, along with US Q3 GDP. We will see significant volatility across all majors currencies from tomorrow so please speak to your Halo FX Consultant today to discuss possibilities to take advantage of currency fluctuations. 

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