UK: Focus on GDP data - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts suggest that for the UK economy, the release of March activity data rounds out the quarter, and will be accompanied by the quarterly growth figures.

Key Quotes

“We look for flat March m/m GDP growth (consensus: 0.0%), leaving the quarterly aggregate still at a relatively strong 0.5% q/q (consensus, BoE: 0.5%).”

“Key to this release will be the net contribution coming from inventories and imports as we look for the impact on the economy of pre-29 March Brexit stockbuilding. A strong net contribution on this front could be unwound in Q2.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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