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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 |
|
|
1.2647 -236 pips |
1.2966 -83 pips |
1.28830 | |
| GBPJPY |
|
|
186.4865 -399 pips |
192.7377 -226 pips |
190.477 | |
| EURGBP |
|
|
0.8344 -33 pips |
0.8427 -50 pips |
0.83767 | |
| GBPCAD |
|
|
1.8151 -271 pips |
1.8300 +122 pips |
1.84220 | |
| GBPCHF |
|
|
1.1324 -46 pips |
1.1478 -108 pips |
1.13697 | |
| GBPNZD |
|
|
2.2135 -359 pips |
2.2005 +489 pips |
2.24938 | |
| GBPAUD |
|
|
1.9989 -406 pips |
2.0266 +129 pips |
2.03947 | |
| GBPNOK |
|
|
14.0422 +243 pips |
14.1016 -837 pips |
14.01789 | |
| GBPSEK |
|
|
13.1805 +875 pips |
13.4394 -3464 pips |
13.09304 | |
| GBPSGD |
|
|
1.7029 -150 pips |
1.7406 -227 pips |
1.71794 |
News (GBP)
UK Construction Logs Sharpest Downturn Since 2020
The UK construction sector registered the sharpest contraction since May 2020 on notable falls in orders and output, survey results from S&P Global showed on Thursday. The construction Purchasing Managers' Index fell unexpectedly to 44.6 in February from 48.1 in January. The reading was seen at 49.5.
RTTNews | 20h 50min ago
UK Mortgage Lending Strongest Since 2022, Approvals Fall Slightly
Mortgage borrowing of British homebuyers hit the highest since September 2022, while home loan approvals decreased slightly in January ahead of the stamp duty changes in April, figures from the Bank of England showed on Monday. Mortgage lending increased GBP 0.9 billion to GBP 4.2 billion in January, which was the highest since September 2022.
RTTNews | 3 days ago
UK Nationwide House Price Rise More Than Forecast
UK house prices increased more than expected in February as buyers brought forward their transactions ahead of stamp duty change in April, the mortgage lender Nationwide Building Society said on Friday. House price grew at a pace of 0.4 percent on a monthly basis in February after a 0.1 percent gain in the previous month. Moreover, this was the sixth consecutive monthly increase and was faster t
RTTNews | 6 days ago
