Analysts at TD Securities suggest that the UK activity data dump confirmed thier bearish view of UK economic growth, with a strong 0.6% q/q print for 18Q3 driven almost entirely by July activity and a rebound from a negative trade shock in 18Q2.
“Monthly GDP dynamics point to a stagnant economy, with the economy stagnant at 0.0% m/m for both August and September, confirming our long-held view that activity has lost all momentum on Brexit uncertainty and the unwind of one-off factors during Q2. The business investment figures in particular reinforce a view of an uncertain spending climate, with the sector showing negative q/q growth rates for three consecutive quarters.”
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 securities. 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 Forex 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.