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.
Recommended Articles
The Euro extended its gains for the second straight day against the Japanese Yen and is up by 0.22% as the EUR/JPY trades at 162.47 late during the North American session.
Tesla Did Not Sell Its 11,509 Bitcoin, On-Chain Data RevealsOn-chain data indicates that Tesla Inc. has retained its entire Bitcoin holdings, dispelling recent speculation about a potential sale. Last week, blockchain analytics firm Arkham Intelligence reported that Tesla had transferred its entire stash of 11,509 BTC—currently valued at over $776 million—to new, unidentified wallets. This substantial movement led to widespread conjecture that Elon Musk’s […]
On-chain data indicates that Tesla Inc. has retained its entire Bitcoin holdings, dispelling recent speculation about a potential sale. Last week, blockchain analytics firm Arkham Intelligence reported that Tesla had transferred its entire stash of 11,509 BTC—currently valued at over $776 million—to new, unidentified wallets. This substantial movement led to widespread conjecture that Elon Musk’s […]
Gold jumps above $4,440 as geopolitical flare, Fed cut bets mountGold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
Gold (XAU/USD) rallies over 2% on Monday, reaching a record high of $4,442 amid rising geopolitical tensions and expectations that the Federal Reserve (Fed) will continue to reduce interest rates next year, pushing US Treasury yields lower.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
Related Instrument
