UK Preliminary GDP rises 0.1% QoQ in Q4 vs. -0.1% expected
- Quarterly GDP for the UK rose 0.1% in Q4 vs. -0.1% forecast.
- UK GDP arrived at 0.4% MoM in December vs. 0.1% anticipated.
- GBP/USD regains 1.2500 after the UK GDP data.
The UK economy expanded 0.1% QoQ in the three months to December 2024 after showing no growth in the third quarter. The data beat the expected 0.1% decline in the reported period.
The UK GDP increased 1.4% year-on-year (YoY) in Q4 vs. 1.1% expected and a revised 1% recorded in Q3.
The monthly UK GDP arrived at 0.4% in December, compared to a 0.1% increase in November, bettering the expectations of 0.1%.
Meanwhile, the Index of services (December) came in at 0.2% 3M/3M vs. 0% prior.
Other data from the UK showed that Industrial Production and Manufacturing Production grew 0.5% and 0.7%, respectively, over the month in December. Both indicators outpaced the estimates.
The quarterly Total Business Investment declined 3.2% through the September to December quarter.
Market reaction to the UK data
Upbeat UK GDP and industrial figures offered a fresh lift to the Pound Sterling. At the time of press, GBP/USD is trading 0.51% higher on the day at 1.2515.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.40% | -0.56% | -0.26% | -0.19% | -0.10% | -0.17% | -0.24% | |
| EUR | 0.40% | -0.16% | 0.16% | 0.21% | 0.28% | 0.23% | 0.17% | |
| GBP | 0.56% | 0.16% | 0.29% | 0.37% | 0.46% | 0.38% | 0.33% | |
| JPY | 0.26% | -0.16% | -0.29% | 0.04% | 0.16% | 0.04% | 0.02% | |
| CAD | 0.19% | -0.21% | -0.37% | -0.04% | 0.11% | 0.03% | -0.04% | |
| AUD | 0.10% | -0.28% | -0.46% | -0.16% | -0.11% | -0.08% | -0.14% | |
| NZD | 0.17% | -0.23% | -0.38% | -0.04% | -0.03% | 0.08% | -0.06% | |
| CHF | 0.24% | -0.17% | -0.33% | -0.02% | 0.04% | 0.14% | 0.06% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
