The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.
The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and 0.9% recorded in Q3.
The monthly UK GDP arrived at 0.4% in December, compared to a 0.1% increase in November, bettering the expectations of 0.1%.
Meanwhile, the Index of services (December) came in at 0.2% 3M/3M vs. 0% prior.
Other data from the UK showed that Industrial Production and Manufacturing Production grew 0.5% and 0.7%, respectively, over the month in December. Both indicators outpaced the estimates.
Upbeat UK GDP and industrial figures offered a fresh lift to the Pound Sterling. At the time of press, GBP/USD is trading 0.51% higher on the day at 1.2515.
Quarterly GDP for the UK rose 0.1% in Q4 vs. -0.1% forecast.
UK GDP arrived at 0.4% MoM in December vs. 0.1% anticipated.
GBP/USD regains 1.2500 after the UK GDP data.(Cay)
Source: Fxstreet
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds. Equity markets ha...
The US seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one of which was sailing under a Russian flag, as part of President Donald Trump's aggressive efforts to regulate oil...
France is working with partners on a plan on how to respond should the United States act on its threat to take over Greenland, a minister said on Wednesday, as Europe sought to address U.S. President ...
The world community must make clear that U.S. intervention in Venezuela is a violation of international law that makes the world less safe, the Office of the United Nations High Commissioner for Human...
US President Donald Trump threatened on Friday to come to the aid of protesters in Iran if security forces open fire on them, days after unrest that has killed several people and posed the biggest int...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...