UK August GDP 0.0% vs +0.1% m/m expected

Author: Justin Low | Category: News

Latest data released by ONS - 10 October 2018


  • Prior +0.3%
  • GDP +0.7% vs +0.6% 3m/3m expected
  • Prior +0.6%; revised to +0.7%
  • Index of services 0.0% vs +0.1% m/m expected
  • Prior +0.3%
  • Index of services +0.5% vs +0.5% 3m/3m expected
  • Prior +0.6%; revised to +0.7%
ForexLive
The monthly estimate was a bit of a miss there as GDP remains unchanged in August but the rolling 3 months reading was better than expected accompanied by a better revision. A rather balanced reading overall and there isn't much of a reaction in the pound as a result. Again, it's still all about Brexit at this point.

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