UK’s Hammond: Fundamentals of UK economy are strong

The UK finance minister Hammond crossed the wires, via Reuters, following the release of stronger-than expected UK Q3 GDP numbers.

Key Headlines:

Fundamentals of UK economy are strong

UK will need to adjust to a new relationship with the EU

UK well placed to deal with the challenges

UK enters EU negotiations from a position of strength

UK Q3 GDP a tad weaker post-Brexit, but beats estimates

The UK GDP first estimate revealed that the pace of growth in the UK economy has slowed somewhat in the third quarter, in wale of the Brexit vote. Th
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EUR/GBP muted around 0.8900 handle after UK GDP

Having posted a session high at 0.8940 level, the EUR/GBP cross erased all of its tepid gains and turned lower following the release of UK Q3 GDP prin
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