UK Final Q1 GDP -0.3% q/q (unrev), -0.2% y/y(rev from -0.1%)
Expected -0.3% q/q -0.1% y/y, worse on the y/y and confirming a recession
Q1 Current account* -£11.179 bln from -£7.228 bln in Q4 2011 (exp -£9 bln, equiv 2.9% GDP)
BOE comments: Expects mortgages and household loan costs to rise significantly* in Q3, sees sharp fall in* availability of high-loan to value mortgages
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