UK: Focus on monthly GDP report – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura point out that the new-ish monthly GDP report of UK is out for July, and they expect the data to show an increase of +0.2% m/m, underpinned by small gains in IP, services, and construction.

Key Quotes

“This should set the 3-month rate of growth up for a healthy-looking 0.5% 3m/3m, but it's likely that temporary factors that helped boost growth in May through July will fade later in the quarter.”

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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