Breaking News

26/10/10 -- UK GDP came in this morning showing growth of 0.8% in the third quarter. Whilst that was down on growth of 1.2% in Q2, it was substantially better than most analysts had feared, projecting growth of only 0.4%.

That should take some of the pressure off sterling this morning, and ease fears of an imminent return to more QE measures.

The pound rose to 1.5840 against the dollar and 1.1350 vs the euro shortly after the news.