Analysts at TD Securities assess the latest Gross Domestic Product (GDP) data from the UK.

Quarterly GDP on track to surprise the MPC to the upside

"UK GDP rose 0.1% m/m in February, following an upwardly revised 0.3% m/m expansion in January. While both hospital and food services fell sharply, as we expected, a notable 6.5% m/m surge in “land transport services and transport services via pipelines” coupled with a 1.5% m/m rise in telecommunications were enough to drive up services 0.1% m/m. Moreover, a sharp 1.2% m/m increase in manufacturing output also helped drive the upside surprise, largely on the back of transport equipment, which rose by 3.7% m/m."

"Overall, the better than projected increase in February together with a 0.1ppts upside revision to the January data leaves quarterly GDP on track to surprise the MPC to the upside in Q1 (BoE: 0.1% q/q)."

Share: Feed news

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD faces a tough barrier above 0.6700

AUD/USD faces a tough barrier above 0.6700

AUD/USD halted its recent recovery and eventually succumbed to the late rebound in the Greenback, all ahead of key inflation figures in Australia due on Wednesday.

AUD/USD News

EUR/USD: Rebound lacked conviction

EUR/USD: Rebound lacked conviction

EUR/USD once again tested the proximity of the 1.0900 barrier, although the moved lacked follow through and spot ended Tuesday’s session barely changing around the 1.0860 zone.

EUR/USD News

Gold losing bullish momentum, still up

Gold losing bullish momentum, still up

Gold retreated to the $2,350 area after rising above $2,360 in the early American session. The benchmark 10-year US Treasury bond yield stays in positive territory after upbeat consumer sentiment data from the US and limits XAU/USD rebound.

Gold News

Ripple's vision for DeFi: An interview with Ripple's head of DeFi product Jasmine Cooper

Ripple's vision for DeFi: An interview with Ripple's head of DeFi product Jasmine Cooper

Jasmine Cooper, the Head of DeFi Product at Ripple, leads tokenization and DeFi products within RippleX, the team focused on providing infrastructure, tools, services, and programs for developers to enable new crypto use cases on the XRP Ledger (XRPL).

Read more

Price inflation isn't an accident; It's a policy

Price inflation isn't an accident; It's a policy

If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault.

Read more

Forex MAJORS

Cryptocurrencies

Signatures