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 |
|
|
1.2539 -36 pips |
1.2905 -330 pips |
1.25751 | |
| GBPJPY |
|
|
189.0527 -753 pips |
196.4851 +9 pips |
196.579 | |
| EURGBP |
|
|
0.8279 -16 pips |
0.8368 -73 pips |
0.82952 | |
| GBPCAD |
|
|
1.7772 -296 pips |
1.8030 +38 pips |
1.80676 | |
| GBPCHF |
|
|
1.1188 -42 pips |
1.1403 -173 pips |
1.12303 | |
| GBPNZD |
|
|
2.1722 -503 pips |
2.1059 +1166 pips |
2.22253 | |
| GBPAUD |
|
|
1.9618 -485 pips |
2.0096 +7 pips |
2.01025 | |
| GBPNOK |
|
|
0 -142339 pips |
14.3035 -696 pips |
14.23393 | |
| GBPSEK |
|
|
13.8541 -32 pips |
13.9405 -832 pips |
13.85729 | |
| GBPSGD |
|
|
1.7019 -20 pips |
1.7378 -339 pips |
1.70391 |
News (GBP)
UK Retail Sales Rise Less Than Forecast
UK retail sales grew for the first time in three months in November but the pace of expansion was weaker than expected as consumers were cautious in the wake of government's first budget. A closely watched survey showed that retailers reported a moderate fall in retail sales in December despite festive season and they forecast another decrease in January.
RTTNews | 1 day ago
UK Car Manufacturers Report Worst Production For November Since 1980
UK car production posted its sharpest decline for the month of November since 1980 largely reflecting weaker global demand, data published by the Society of Motor Manufacturers and Traders showed on Friday. Car production declined 30.1 percent on a yearly basis in November. This was the ninth consecutive decline.
RTTNews | 1 day ago
Bank Of England Holds Key Rate Steady; More Members Sought Reduction
The Bank of England decided to leave its benchmark rate unchanged on Thursday as majority of policymakers called for a gradual approach to the withdrawal of policy restrictiveness amid acceleration in inflation and wage growth, while the divide in the rate-setting body widened. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to hold the bank rate at 4.75 percent.
RTTNews | 2 days ago
