United Kingdom GDP Growth Rate YoY
After Germany, the United Kingdom has the sixth-largest economy in the world and the second-largest economy in Europe. Among the most significant, the services sector accounts for 79% of overall gross domestic product (GDP). The following are the largest segments within Services: 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%), and financial and insurance (8%). In terms of GDP, industry accounts for 21% of the total, with the main segments being manufacturing (10%) and construction (6%). While the agriculture sector accounts for just 1% of the country's GDP.
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 |
|
|
1.3113 -347 pips |
1.3512 -52 pips |
1.34600 | |
| GBPJPY |
|
|
193.3294 -477 pips |
197.8688 +23 pips |
198.097 | |
| EURGBP |
|
|
0.8570 -98 pips |
0.8653 +15 pips |
0.86681 | |
| GBPCAD |
|
|
1.8271 -238 pips |
1.8573 -64 pips |
1.85085 | |
| GBPCHF |
|
|
1.0807 +9 pips |
1.0968 -170 pips |
1.07985 | |
| GBPNZD |
|
|
2.2486 -382 pips |
2.2475 +393 pips |
2.28678 | |
| GBPAUD |
|
|
1.9918 -703 pips |
2.0768 -147 pips |
2.06213 | |
| GBPNOK |
|
|
13.5556 +81 pips |
13.6201 -726 pips |
13.54748 | |
| GBPSEK |
|
|
12.7820 +317 pips |
12.9492 -1989 pips |
12.75027 | |
| GBPSGD |
|
|
1.7273 -24 pips |
1.7430 -133 pips |
1.72972 |
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 | 9 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 | 14 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 | 16 days ago
