UK resilience tested as data mixed, Rabobank's Foley notes
Rabobank strategist Jane Foley highlights contrasting economic data from the UK, comparing a 0.4% quarterly GDP in the eurozone with a 0.7% UK upturn over three months.
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Rabobank Senior FX Strategist Jane Foley reviewed recent UK economic data against eurozone performance, finding a mixed picture. Eurozone GDP rose 0.4% quarter-on-quarter in Q2, while the UK recorded a 0.7% upturn over a three-month period.
Foley's assessment points to resilience being tested amid the data divergence. The comparison underscores a still-positive UK expansion, though the mixed nature of the figures leaves the pound's near-term outlook uncertain.
Source: FXStreet Forex News