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

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.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.