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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 |
|
|
1.3055 -588 pips |
1.3598 +45 pips |
1.36428 | |
| GBPJPY |
|
|
191.6597 -515 pips |
196.2356 +57 pips |
196.807 | |
| EURGBP |
|
|
0.8540 -92 pips |
0.8618 +14 pips |
0.86324 | |
| GBPCAD |
|
|
1.8154 -418 pips |
1.8599 -27 pips |
1.85719 | |
| GBPCHF |
|
|
1.0855 +25 pips |
1.1000 -170 pips |
1.08298 | |
| GBPNZD |
|
|
2.2148 -450 pips |
2.1375 +1223 pips |
2.25978 | |
| GBPAUD |
|
|
2.0371 -501 pips |
2.0983 -111 pips |
2.08724 | |
| GBPNOK |
|
|
13.6623 -751 pips |
13.8214 -840 pips |
13.73740 | |
| GBPSEK |
|
|
12.8783 -1617 pips |
13.1869 -1469 pips |
13.03998 | |
| GBPSGD |
|
|
1.7340 -52 pips |
1.7528 -136 pips |
1.73916 |
News (GBP)
UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 2 days ago
UK Car Sales Expand On Strong Electric Car Demand: SMMT
UK car sales expanded for the second straight month and marked the best June since 2019 with strong growth in battery electric car demand, data from the Society of Motor Manufacturers & Traders showed on Friday. New car market grew 6.7 percent from a year ago to 191,316 units in June. This was the best June since 2019, helping lift first half performance 3.5 percent above the same period last yea
RTTNews | 2 days ago
UK Service Sector Growth At 10-Month High
The UK service sector posted its fastest growth in ten months in June underpinned by a renewed improvement in order books, final purchasing managers' survey from S&P Global showed on Thursday. The services business activity index climbed to 52.8 in June from 50.9 in the previous month. This was the highest score since August 2024 and above the initial estimate of 51.3.
RTTNews | 3 days ago
