European Market Update: UK Q3 GDP Revised Lower And Registers A Record Current Account Deficit

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The GBP was softer in the latter part of the European morning after UK Final Q3 GDP YoY reading was revised lower (2.6% vs. 3.0% prelim) and its current account registered if largest deficit on record. GBP/USD approached the 1.5550 level after the data release.



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