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
Here is what you need to know on Friday, April 17:
WTI drifts higher to near $89.00 amid Lebanon-Israel ceasefire strains West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $89.00 during the Asian trading hours on Friday. The WTI price edges higher after reports that Lebanon's army accuses Israel of violating the ceasefire.
On April 16, TSMC ( TSM) reported its first-quarter 2026 financial results, with core financial metrics exceeding market expectations across the board and profitability achieving a breakt
AUD/USD climbs above 0.7170 as truce hopes lift risk appetiteThe Australian Dollar extended its gains on Wednesday, up by 0.72% as risk appetite improved amid speculation of a de-escalation of the conflict, keeping oil prices in check as WTI held above $91, despite posting losses of nearly 0.80%. At the time of writing, the AUD/USD trades at 0.7173.
The Australian Dollar extended its gains on Wednesday, up by 0.72% as risk appetite improved amid speculation of a de-escalation of the conflict, keeping oil prices in check as WTI held above $91, despite posting losses of nearly 0.80%. At the time of writing, the AUD/USD trades at 0.7173.
On April 14, the Nasdaq notched its tenth consecutive session of gains, marking its longest winning streak since 2023. It has risen nearly 14% from its recent lows, as the 'Magnificent Se
Related Instrument
