Second estimate of UK GDP: January to March 2018

Second estimate of UK GDP: January to March 2018

From ons.gov.uk

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.1% between Quarter 4 (Oct to Dec) 2017 and Quarter 1 (Jan to Mar) 2018, unrevised from the preliminary estimate of GDP. When comparing GDP growth in the most recent quarter to the same quarter a year ago, we see a continuation of a pattern of slowing growth, in part reflecting a slowing in the growth of consumer-facing industries. The services industries increased by 0.3% in Quarter 1 2018; while construction decreased by 2.7% in Quarter 1 2018. Household spending grew by 0.2%, while business investment decreased by 0.2% between ... (full story)

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JacolineFIS

May 25, 2018 3:46am

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who the heck is buying cable? it should be sinking like a boat anchor

fxsport

May 25, 2018 4:13am

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It's called retracement i.e., dead cat bounce. I went long at 1.3340 and will get out at 1.3390 today.

704trader

May 25, 2018 4:22am

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I think that the market is just waiting to for confirmation from Governor Carney that the British economy is slowing down (dovish tone) then we can see a strong sell off of the GBP