{"id":105467,"date":"2020-09-30T21:21:54","date_gmt":"2020-09-30T20:21:54","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105467"},"modified":"2020-10-01T05:54:56","modified_gmt":"2020-10-01T04:54:56","slug":"104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\/","title":{"rendered":"GBP\/USD Moves Lower Post Debate, UK GDP, House Prices"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><strong>Risk off trading followed the US Presidential debate stocks lost ground riskier currencies such as GBP slipped, and safe havens flows into USD ticked higher<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>GBP\/USD shrugged off a slight upward revision to Q2 GDP &amp; data revealing a surge in UK house prices.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">GBP\/USD under pressure amid risk off trading following the US Presidential debate. Safe havens, such as the US Dollar is being favoured over perceived riskier assets like stocks, AUD, EUR and GBP. The debate lacked substance. However, it did raise concerns over whether Trump would accept the result if he lost.<\/span><\/p>\n<p><b>UK GDP COLLAPSE NOT AS BAD AS FIRST THOUGHT<\/b><\/p>\n<p><span style=\"font-weight: 400;\">UK data was a mixed bag. Q2 GDP was revised higher to -19.8% QoQ from -20.4% \u2013a record decline. However, Bank of England Governor Andrew Bailey said on Tuesday that GDP was around 7-10% weaker in July and September than pre- pandemic and concluded Q3 expanded more strongly than in the period as a whole.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bailey reiterated that he was not ruling out negative rates but was aware of the issues that negative rates could cause the banking system as a whole.<\/span><\/p>\n<p><b>UK HOUSE PRICES JUMP<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In sharp contrast the UK housing market remains solid. The Nationwide house price index +5% YoY in September, beating the 4.5% forecast and the previous month\u2019s 3.7%.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Risk off trading followed the US Presidential debate stocks lost ground riskier currencies such as GBP slipped, and safe havens flows into USD ticked higher GBP\/USD shrugged off a slight upward revision to Q2 GDP &amp; data revealing a surge in UK house prices. GBP\/USD under pressure amid risk off trading following the US Presidential [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5577,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1394,1888,1398],"class_list":["post-105467","post","type-post","status-publish","format-standard","has-post-thumbnail","category-gbp","category-usd","tag-gbp","tag-gbp-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Moves Lower Post Debate, UK GDP, House Prices - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"GBP\\\/USD Moves Lower Post Debate, UK GDP, House Prices\",\"datePublished\":\"2020-09-30T20:21:54+00:00\",\"dateModified\":\"2020-10-01T04:54:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/\"},\"wordCount\":227,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100628-gbp-eur-boe-announcement-pound-up.jpg\",\"keywords\":[\"gbp\",\"gbp\\\/usd\",\"usd\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104516-gbp-usd-moves-lower-post-debate-uk-gdp-house-prices\\\/\",\"name\":\"GBP\\\/USD Moves Lower Post Debate, UK GDP, House Prices - 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