UK GDP increased by 0.5%

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Thursday, Feb 26 2015

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% between Q3 2014 and Q4 2014, unrevised from the previous estimate of GDP published 27 January 2015 and in line with market expectations. GDP was estimated to have increased by 2.6% in 2014, compared with 2013, unrevised from the previously published estimate.

Between Q4 2013 and Q4 2014, GDP in volume terms increased by 2.7%, unrevised from the previously published estimate. GDP in current prices was estimated to have increased by 0.4% between Q3 2014 and Q4 2014.

Data did not have any major impact on the markets. Sterling is currently being traded around 1.5530 level. Pair is likely to find support around 1.5450 handle, and resistance at 1.5580 handle. Later today, in the US session, CPI, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.

More in this category: « M3 Money Supply increased by 4.1% Durable Goods Orders up more than expected »

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