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UK: Annual Total Business Investment grows 0.8% in Q4

FXstreet.com (Barcelona) - Data published on Wednesday by National Statistics shows that the UK annual Total Business Investment rose 0.8% in Q4, considerably down from the 5.1% increase registered the previous quarter.

Quarter-over-quarter UK Total Business Investment slid 0.8% in Q4, compared with the 3.8% growth in Q3 and above expectations of -1.2%.

Forex: GBP/JPY tumbles and tests 143.00

From 143.60, the GBP/JPY erased its gains and spiked to below the 143.00 mark after the release of disappointing data in the UK. The annualized GDP in the UK was actually of 0.2% growth in Q4, instead of the expected 0.3%. The Current Account deficit improved less than expected, from £-15.074B to £-14.037B (consensus at £-12.700B). Not as bad as expected was Total Business Investment, that fell from 3.8% to -0.8% in Q4, beating consensus of -1.2%.
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UK: Current Account deficit narrows less than expected in Q4

The UK Current Account deficit narrowed to £14.037B in Q4, from £-15.074B in Q3, according to data released today by National Statistics. Analysts expected the deficit to narrow further to £12.700B.
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