UK GDP Grows 0.1% in May; TD Securities Notes Q2 Risks
UK GDP rose 0.1% month-on-month in May, matching TD Securities' forecast and topping market expectations for flat growth. However, the firm flags potential risks in the second quarter.
GBPUSD
UK Gross Domestic Product expanded 0.1% month-on-month in May, according to official data. The reading matched TD Securities' forecast and surpassed the consensus estimate of no change.
Three-month GDP growth remained robust at 0.7%, supported by services and manufacturing. Despite the positive headline, TD Securities warns of emerging risks in Q2, though no specific details were provided.
The resilience in GDP may influence Bank of England policy expectations, but the market remains focused on upcoming data for clearer direction.
Source: FXStreet Forex News