UK: GDP likely to decline 0.2% in November - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that today, UK’s monthly GDP for November is released, and they are looking for an outright decline of 0.2% m/m, suggesting significant downside risks to the market's expectation for 0.1%.

Key Quotes

“This comes despite a healthy gain in retail sales we saw that month. We expect both services and IP/manufacturing to be a drag on output in the month, while construction activity should help somewhat mitigate the decline.”

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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