UK: Q4 final GDP meets estimates, Current account deficit unexpectedly shrinks

Dhwani Mehta FXStreet

The UK GDP third estimate showed that the GDP figures came in at 0.4% q/q in the fourth quarter of 2017, same as that seen in the previous readout while coming in line with expectations.

While on an annualized basis, the UK economy’s growth rate arrived at 1.4% in Q4, meeting the consensus forecasts of 1.4% and 1.4% flash reading.

Separately, the UK Q4 current deficit unexpectedly narrowed by GBP -18.44 billion versus a decrease of GBP -24.00 billion expected and GBP -19.17 billion (revised up from GBP 22.78 billion) last.

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.

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