UK Preliminary GDP rises 0.6% QoQ in Q2, as expected
Source Fxstreet
- Quarterly GDP for the UK expanded 0.6% in Q2 vs. 0.6% forecast.
- UK GDP arrived at 0% MoM in June vs. 0% estimate.
- GBP/USD keeps gains above 1.2800 on the UK GDP data.
The UK economy expanded 0.6% QoQ in the three months to June, having reported a 0.7% growth in the first quarter of 2024. The market consensus was for +0.6% in the reported period.
The UK GDP rose 0.9% YoY in Q2 vs. 0.9% expected and 0.3% booked in Q1.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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West Texas Intermediate (WTI) oil price moves little after registering gains over 6.5% in the previous day, trading around $81.40 during the Asian hours on Tuesday.
WTI declines below $82.50 as oil inventories rise far more than expectedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
Here is what you need to know on Thursday, August 13:
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