Top Insights
- Prior +0.5%; revised to +0.4%
- GDP +0.9% vs +1.0% y/y prelim
- Prior +0.7%
The negative revision means that the UK economy stagnated in Q3, with economic conditions stuttering in the second half of the year. The pressure is starting to build for the BOE, even as price pressures haven’t quite come down as quickly as they are hoping for.
This article was written by Justin Low at www.forexlive.com.
Recent Posts
Categories
Related Articles
Biden administration announces last-minute trade probe targeting legacy Chinese chips
The Biden administration has just announced a trade investigation into "legacy" Chinese-made...
Pound Sterling gains as investors shrug off increased BoE dovish bets
The Pound Sterling (GBP) moves higher against its major peers on Monday...
Pound Sterling Price News and Forecast: Policy and protectionism to GBP in 2025?
Unlike several unknowns looming at the onset of 2024, the Pound Sterling...
EUR/USD ticks lower as ECB Lagarde sees a victory over inflation on the horizon
EUR/USD ticks lower as it struggles to extend its upside above Friday's...
Leave a comment