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UK Q2 preliminary GDP +0.2% vs 0.0% q/q expected

UK Q2 preliminary GDP +0.2% vs 0.0% q/q expected
Prior +0.1%GDP +0.4% vs +0.2% y/y expectedPrior +0.2%The pound is up slightly on the numbers here as the June monthly GDP beat is helping to feed into a more positive Q2 picture overall. As a whole, UK GDP is now estimated to be just 0.2% below its pre-pandemic level in Q4 2019. This is a better than expected development but it still doesn't take away concerns surrounding the UK economy and stagflation risks to the outlook. This article was written by Justin Low at www.forexlive... Read More
Posted: Aug 11 2023, 06:03
Author Name: forexlive
Views: 102825

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