The UK Office for National Statistics (ONS) revised Q4 GDP higher largely on the back of an upward revision in the construction sector in December 2015. GDP was revised to +0.6% q/q and 2.1% y/y in the period, up from the second estimate of 0.5% and 1.9% respectively. Key points UK Q4 current-account deficit printed at 7% of GDP, most on record. Real household disposable income fell in the quarter, down 0.6%. The quarterly household savings ratio also fell, standing at 3.8% vs 4.8% in Q3. The annual savings rate for 2015 was 4.2%, with both the Q4 and 2015 levels the lowest ratios since records began in 1963. For more information, read our latest forex news.