UK GDP rises 0.1% MoM in February, as expected
Source Fxstreet
- UK GDP expanded 0.1% MoM in February vs. 0.1% estimate.
- GBP/USD remains below 1.2650 after the UK data.
The UK economy expanded 0.1% in February, having rebounded 0.3% in January, the latest data published by the Office for National Statistics (ONS) showed on Friday. The market consensus was for an expansion of 0.1% in the reported period.
Meanwhile, the Index of services (February) came in at 0.2% 3M/3M vs. January’s 0% print.
developing story ....
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin shows strong correlation with institutional demand following 7% uptickBitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Bitcoin's price has largely tracked net institutional demand over the past year, according to Bitwise. Net institutional demand is the buying activity of global exchange-traded products (ETPs) and treasury companies minus new supply.
Silver price corrects almost 6% to near $86.50 during the Asian trading session on Thursday.
Standard Chartered lifts Ethereum call to $7,500, arguing institutional demand could leave Bitcoin trailingStandard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Standard Chartered raised its year-end Ethereum target to $7,500 (from $4,000), citing institutional demand, while projecting $25,000 by 2028 and scenarios toward $40,000 by 2030 amid ETF- and treasury-driven accumulation.
Despite higher-than-expected Producer Price Index (PPI) inflation data for November, Bitcoin surged to new eight-week highs, diverging from US stock markets.
Bitcoin nears two-month highs with key indicators signaling potential for further gains as it targets $101,000.
Related Instrument
