Q2 2015 UK GDP preliminary data report 28 July 2015

  • Q1 0.4%
  • 2.6% vs 2.6% exp y/y. Prior 2.9%
  • May Index of services 00.3% vs 0.3% exp m/m. Prior 0.2%
  • 0.4% vs 0.5% exp 3m/3m. Prior 0.5%

Bang on the money which has brought a 'relief that it wasn't bad' reaction in GBPUSD. We're up to 1.5560 from 1.5523

Mixed messages from the break down. Mining and quarrying output posted the biggest rise since 1989. On the downside manufacturing the most since Q1 2013. To counter that, industrial output rose the most since Q4 2010

Q2 2015 GDP details

Q2 2015 GDP q/q & y/y