Based on preliminary data the economy stagnated in Q3. However, it is of little consolation that the publication was slightly better, above all not for the BoE, as this does not exactly make its job any easier. 

The economy in Great Britain is cooling notably. It does not matter whether the publication was slightly more positive than expected, the outlook is clearly bumpy.

As what is probably more important data is due for publication this week in the shape of the labour market report (Tuesday) and the inflation data (Wednesday) things are likely to remain volatile for Sterling.