Thu, Dec 09, 2021 @ 06:44 GMT
HomeLive CommentsSterling jumps as UK Q1 GDP revised up to 0.2%

Sterling jumps as UK Q1 GDP revised up to 0.2%

Sterling jumps notably after GDP upward revision. Q1 GDP growth is finalized at 0.2% qoq, revised up from 0.1% qoq. Services made the largest contribution by growing 0.2%. The 0.1% growth in production was offset by the -0.1% contraction in construction.

Among services, business and finance services jumped 0.6%, government and other services rose 0.3%. Distribution, hotels and restaurants increased by 0.1%. Transport, storage and communication increased by 0.1%

Full release here.

Also from the UK, mortgage approvals rose to 64.5k in May. M4 dropped -0.4% mom in May. Index of services rose 0.2% 3mo3m in April. Current account deficit narrowed to GBP -17.7B in Q1.

Featured Analysis

Learn Forex Trading