Seeing UK GDP growth come in at just +0.7% failed to support the Pound which looks to be poised to test and fall below the recent lows. In fact, solid US scheduled data on GDP is likely to increase the stark contrast of growth between the US and UK. Initial support is seen down at 1.5527 but some or all of the US scheduled data flows this morning should give fresh impetus to the bear camp in the Pound.
