Breaking: UK Preliminary GDP shrinks 0.1% QoQ in Q2 vs. -0.2% expected
12.08.2022, 06:02

Breaking: UK Preliminary GDP shrinks 0.1% QoQ in Q2 vs. -0.2% expected

  • Quarterly GDP for the UK contracted by 0.1% in Q2 vs. -0.2% expected.
  • UK GDP arrived at -0.6% MoM in June vs. -1.3% expected.
  • GBP/USD recaptures 1.2200 on upbeat UK GDP.

The British economy contracted 0.1% QoQ in the three months to June when compared with a 0.8% growth booked in Q1 and -0.2% expectations.

On an annualized basis, the UK GDP grew 2.9% in Q2 vs. 2.8% expected and an 8.7% expansion seen in the previous quarter.

The UK GDP monthly release showed that the economy shrank in June, coming in at -0.6% vs. -1.3% expected and 0.5% previous.

Meanwhile, the Index of services (June) arrived at -0.4% 3M/3M and 0% prior and 0.9% anticipated.

Citing ONS, MNI reported that “there were positive contributions from consumer-facing services, including accommodation and food service activities, and arts, entertainment and recreation activities. There was a 0.2% decrease in real household consumption.”

Market reaction

The cable picked up fresh bids and briefly recaptured 1.2200 on the upbeat UK growth numbers. The spot is down 0.19% on the day, currently trading at 1.2191.

About UK GDP

The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik