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
Gold (XAU/USD) retreats slightly after touching a fresh record high, around the $3,689-3,690 region during the Asian session on Tuesday, amid some repositioning trade ahead of key central bank events.
The Silver price (XAG/USD) tumbles to around $42.05 during the Asian trading hours on Wednesday.
Bitcoin (BTC) could be poised for a price surge following its positive correlation with the S&P 500, as market participants anticipate a 25-basis-point rate cut from the Federal Reserve on Wednesday.
Gold (XAU/USD) attracts some sellers during the Asian session on Wednesday and moves away from the all-time peak, levels just above the $3,700 mark touched the previous day.
The US Federal Reserve is expected to cut the policy rate for the first time in 2025.
Related Instrument
