First UK Q4 GDP reading is out at 09.30 GMT
Median expectations are for a little improvement but the end-2015 data didn't give the bulls much to cheer about with the services PMI 55.5 down on November and missing expectations.
The services sector is still by far the largest contributor to UK GDP on which former BOE bod Bean recently said the data was flawed in any case.
Full Q3 breakdown from the ONS here.
We can/should always expect the unexpected but I still anticipate any GBP rallies to be sold into with the current negative sentiment prevailing.
GBPUSD res/supply into 1.4300 and more around 1.4350 still with another key level into 1.4430
Demand/support into 1.4220,1.4200 and 1.4180 with more substantial bids into 1.4100 still.
EURGBP is mostly being led by euro supply/demand. Offers res into 0.7660,0.7680 and 0.7700 with immediate demand at 0.7600 and 0.7585.
Full order boards with you shortly.
Currently 1.4265 and 0.7625.
