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      Forex Flash: Liquidity preference for GBP has increased – UBS

      One of the benefits of being a liquid, reserve currency is that they also easily become an international transaction currency, used in finance and commerce. The dominant role of the dollar in trade invoicing is well documented, however the sterling holds its own when it comes to being a financial transaction currency.
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      UK: NIESR GDP Estimate (3M) from -0.3% to 0.0% in January

      From an estimated -0.3% recession in December, the estimate of growth over the last 3 months in the UK has risen to 0.0% in January, according to NIESR.
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