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 |
|
|
1.2723 -16 pips |
1.2975 -236 pips |
1.27387 | |
| GBPJPY |
|
|
191.1224 -639 pips |
197.3918 +12 pips |
197.515 | |
| EURGBP |
|
|
0.8319 -11 pips |
0.8408 -78 pips |
0.83302 | |
| GBPCAD |
|
|
1.7490 -288 pips |
1.7871 -93 pips |
1.77785 | |
| GBPCHF |
|
|
1.1182 -69 pips |
1.1394 -143 pips |
1.12506 | |
| GBPNZD |
|
|
2.1233 -269 pips |
2.1146 +356 pips |
2.15022 | |
| GBPAUD |
|
|
1.9137 -381 pips |
1.9606 -88 pips |
1.95178 | |
| GBPNOK |
|
|
14.1114 -162 pips |
14.2301 -1025 pips |
14.12758 | |
| GBPSEK |
|
|
13.8040 -1046 pips |
13.9797 -711 pips |
13.90861 | |
| GBPSGD |
|
|
1.7040 -21 pips |
1.7233 -172 pips |
1.70614 |
News (GBP)
UK Jobless Rate Rises; Wage Growth Slows
The UK unemployment rate rose more than expected in the third quarter and wage growth softened, adding pressure on the Bank of England to cut interest rates further. The unemployment rate rose to 4.3 percent in the September quarter from 4.0 percent in three months to August period, the Office for National Statistics reported Tuesday. The rate was seen at 4.1 percent.
RTTNews | 1 day ago
Bank Of England Cuts Rate By 25 Bps; Future Easing To Be Gradual
The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation but suggested that further easing is set to be gradual as the last week's budget has upward impact on inflation. The Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations.
RTTNews | 5 days ago
Bank Of England Cuts Rate For Second Time This Year
The Bank of England reduced its benchmark rate for the second time this year citing continued progress in disinflation.
RTTNews | 5 days ago
