UK data.
The drop in the savings ration from revised 5.1 to 4.6 being highlighted amongst the UK data there.
GBP not markedly lower (1.5965) but quite clear what Bloomie thinks of it.
DAVID BLOOM:
UK economy fundamental weakness. They revised the last savings no to 5.1 it is now 4.6 may take a little time for the market to cotton onto this story all the notes that come out in 45min on this will be bearish. For the memebrs speaking in half an hour this will justify the more dovish stance.
HSBC Global Research