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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 |
|
|
1.2718 -314 pips |
1.3023 +9 pips |
1.30322 | |
| GBPJPY |
|
|
188.1398 -480 pips |
194.4845 -154 pips |
192.940 | |
| EURGBP |
|
|
0.8338 -17 pips |
0.8415 -60 pips |
0.83546 | |
| GBPCAD |
|
|
1.8193 -371 pips |
1.8505 +59 pips |
1.85645 | |
| GBPCHF |
|
|
1.1377 -63 pips |
1.1628 -188 pips |
1.14400 | |
| GBPNZD |
|
|
2.2016 -768 pips |
2.1525 +1259 pips |
2.27842 | |
| GBPAUD |
|
|
2.0047 -782 pips |
2.0567 +262 pips |
2.08292 | |
| GBPNOK |
|
|
13.4954 -719 pips |
13.7306 -1633 pips |
13.56732 | |
| GBPSEK |
|
|
12.9276 +586 pips |
13.4237 -5547 pips |
12.86899 | |
| GBPSGD |
|
|
1.7257 -302 pips |
1.7750 -191 pips |
1.75595 |
News (GBP)
UK House Prices Stall In March
UK house prices remained flat as the stamp duty holiday ended at the end of March, data from the Nationwide Building Society showed on Tuesday. House prices showed nil growth in March compared to February. This followed an increase of 0.4 percent in the previous month. On a yearly basis, house price growth remained unchanged at 3.9 percent in March.
RTTNews | 1 day ago
UK Mortgage Approvals Fall Slightly; Consumer Credit Drops
UK mortgage approvals for house purchase decreased slightly in February, as changes in stamp duty from April 1 softened housing market activity, while consumer credit decreased from the last month, official data showed on Monday. Mortgage approvals for house purchases decreased 600 to 65,500 in February, the Bank of England reported. This followed a decrease of 400 in January.
RTTNews | 2 days ago
UK Economy Grows Marginally As Estimated; Retail Sales Rebound Unexpectedly
The UK economy logged a marginal growth as initially estimated in the fourth quarter as the decline in production was offset by the growth in services and construction sectors, official data showed Friday. Another data revealed that retail sales expanded unexpectedly in February driven by the rebound in non-food store and auto fuel sales.
RTTNews | 5 days ago
