United Kingdom GDP Growth Rate QoQ
The services industry is the most important, accounting for 79% of gross domestic product (GDP), in the UK. The most important sectors within services are: government, education, and health (19% of total GDP), real estate (12%), professional, scientific, and technical activities and administrative and support services (12%), wholesale and retail trade (11%), financial and insurance services (8%). Industry accounts for 21% of GDP, with the main components falling into the following categories: manufacturing (10% of total GDP) and construction (6% of total GDP). Agriculture contributes only 1% to the country's gross domestic product. On the spending side, the GDP is composed of three components: household consumption (which accounts for 65% of GDP), government expenditure (20%), and gross fixed capital formation (17%). Exports of goods and services account for 28% of GDP, while imports account for 30%, subtracting 2% from the country's gross domestic product.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.3129 -370 pips |
1.3514 -15 pips |
1.34987 | |
| GBPJPY |
|
|
193.4014 -501 pips |
197.7002 +71 pips |
198.412 | |
| EURGBP |
|
|
0.8570 -73 pips |
0.8658 -15 pips |
0.86434 | |
| GBPCAD |
|
|
1.8287 -257 pips |
1.8583 -39 pips |
1.85436 | |
| GBPCHF |
|
|
1.0807 -3 pips |
1.1000 -190 pips |
1.08100 | |
| GBPNZD |
|
|
2.2446 -440 pips |
2.2490 +396 pips |
2.28857 | |
| GBPAUD |
|
|
1.9975 -656 pips |
2.0767 -136 pips |
2.06314 | |
| GBPNOK |
|
|
13.5556 -181 pips |
13.6154 -417 pips |
13.57372 | |
| GBPSEK |
|
|
12.7820 +121 pips |
12.9470 -1771 pips |
12.76990 | |
| GBPSGD |
|
|
1.7286 -34 pips |
1.7500 -180 pips |
1.73196 |
News (GBP)
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 11 days ago
UK GDP Rises More Than Expected
The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe
RTTNews | 17 days ago
UK Labor Market Cools In Q2
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.
RTTNews | 19 days ago
