Research Team at TDS, notes that the second print of UK 15Q4 GDP repeated the initial 0.5% q/q estimate, as broadly expected. Key Quotes “In terms of the composition of demand, today’s data shows that household spending remained the dominant contributor to growth (accounting for 0.4pp out of 0.5%). International trade subtracted about the same on account of strong imports, but this was offset entirely by inventory gains. Worryingly, there was a sharp pullback in business investment in the quarter, which fell by 2.1%, one of its worst declines since the financial crisis. EUR: Final (& rebased) January CPI figures for Germany and the euro area were released. The German total HICP and euro area core numbers confirmed their prior prints (0.4% y/y and 1.0% respectively), while the euro area aggregate headline HICP number was revised down from 0.4% to 0.3% y/y.” For more information, read our latest forex news.