UK GDP grew by 0.5% in Q4

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Thursday, Feb 25 2016

UK GDP in volume terms was estimated to have increased by 0.5% between Quarter 3 (July to Sept) 2015 and Quarter 4 (Oct to Dec) 2015, unrevised from the preliminary estimate of GDP published on 28 January 2016. Between 2014 and 2015, GDP in volume terms increased by 2.2%, unrevised from the previous estimate. Between Quarter 4 2014 and Quarter 4 2015, GDP in volume terms increased by 1.9%, unrevised from the previously published estimate.

GDP in current prices remained flat between Quarter 3 2015 and Quarter 4 2015. GDP per head in volume terms was estimated to have increased by 0.3% between Quarter 3 2015 and Quarter 4 2015. Between 2014 and 2015, GDP per head increased by 1.5%.

Sterling is currently being traded few points above 1.39 level. Pair is likely to find support around 1.3850 handle and resistance above 1.3960 level. Later today, in the US session, Unemployment Claims and Durable Goods Orders figures are scheduled for a release.

More in this category: « M3 increased to 5.0% in January US Durable Goods Orders rose by 4.9% »

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