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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 |
|
|
1.3192 -524 pips |
1.3451 +265 pips |
1.37160 | |
| GBPJPY |
|
|
192.8551 -519 pips |
197.0256 +102 pips |
198.043 | |
| EURGBP |
|
|
0.8492 -55 pips |
0.8554 -7 pips |
0.85469 | |
| GBPCAD |
|
|
1.8480 -286 pips |
1.8630 +136 pips |
1.87659 | |
| GBPCHF |
|
|
1.0968 +19 pips |
1.1168 -219 pips |
1.09489 | |
| GBPNZD |
|
|
2.2187 -437 pips |
2.1266 +1358 pips |
2.26243 | |
| GBPAUD |
|
|
2.0398 -567 pips |
2.1094 -129 pips |
2.09646 | |
| GBPNOK |
|
|
13.7147 -310 pips |
13.8639 -1182 pips |
13.74572 | |
| GBPSEK |
|
|
12.8783 -769 pips |
13.2109 -2557 pips |
12.95525 | |
| GBPSGD |
|
|
1.7406 -91 pips |
1.7580 -83 pips |
1.74970 |
News (GBP)
BoE's Greene Seeks Cautious Approach On Concerns Over High Inflation, Uncertainty
The Bank of England must have a prudent approach to reducing interest rates as the U.K. inflation may remain high for a longer time than expected rather than a short-term spike, and also due to risks on the global front including fluctuations in oil prices in the backdrop of the ongoing Middle East conflict, policymaker Megan Greene said on Tuesday.
RTTNews | 5 days ago
UK Private Sector Grows At Fastest Pace In 3 Months
The UK private sector output picked up at the strongest pace in three months in June after business volume returned to growth, flash survey results from S&P Global showed on Monday. The flash composite output index registered 50.7 in June, up from 50.3 in May. The reading was above the crucial 50.0 no-change value for the second straight month.
RTTNews | 6 days ago
UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves
UK retail sales declined more than expected in May as food store sales declined sharply after good weather boosted sales in April, the Office for National Statistics reported Friday. Retail sales fell 2.7 percent on a monthly basis in May, in contrast to the revised 1.3 percent increase in April. Sales were forecast to drop 0.5 percent.
RTTNews | 9 days ago
