Intraday Market Thoughts
UK GDP Tapers Pessimism, not QE
by
Jul 25, 2013 15:54
The UK economy grows 0.6% q/q in Q2, posting the first consecutive quarterly positive growth in over 2 years. Communicating the GDP recovery while stressing the need for ample progress ahead as well as playing down the threat from inflation will be the BoE's main message in next week's MPC statement. This will be followed by more "forward guidance” from Carney at next month's inflation report. Full chart & analysis
Click To Enlarge
Act | Exp | Prev | GMT |
---|---|---|---|
GDP (q/q) | |||
0.6% | 0.6% | 0.3% | Jul 25 8:30 |
GDP (y/y) | |||
1.4% | 1.4% | 0.3% | Jul 25 8:30 |
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