UK final Q3 GDP revised higher, suggests no sign of Brexit hit

UK final Q3 GDP was revised higher to 0.6 pct from 0.5 pct in the previous reading, showing no sign of any slowdown from June's Brexit vote. Economists had expected to remain unchanged.

Data confirmed that UK's economy remianed resilient and performed more robustly than economists expected after the vote to leave the European Union. There was no sign that sterling's sharp fall had boosted exports.

There was, however, a small downward revision to estimates for both the first and second quarters and the annual growth estimate was, therefore revised down to 2.2 percent from 2.3 percent, which was below consensus forecasts of a 2.3 percent gain.

"Robust consumer demand continued to help the UK economy grow steadily in the third quarter of 2016," ONS statistician Darren Morgan said.

Data likely to stoke expectations of firm short-term growth with growth in household spending the principal driving force. However, as consumer spending is liable to slow under the weight of a slower growth in real incomes, there might be concerns for growth to fade in 2017.

FxWirePro's Hourly GBP Spot Index was at -39.3884 (Neutral) at 1325 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.