UK GDP rose by 0.4%

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Thursday, May 26 2016

UK GDP in volume terms was estimated to have increased by 0.4% between Quarter 4 (Oct to Dec) 2015 and Quarter 1 (Jan to Mar) 2016, unrevised from the preliminary estimate of GDP published on 27 April 2016, in line with market forecasts. This is the 13th consecutive quarter of positive growth since Quarter 1 2013.

Between Quarter 1 2015 and Quarter 1 2016, GDP in volume terms increased by 2.0%, revised down 0.1 percentage points from the previously published estimate. GDP in current prices increased by 0.7% between Quarter 4 2015 and Quarter 1 2016.GDP per head in volume terms was estimated to have increased by 0.2% between Quarter 4 2015 and Quarter 1 2016.

Sterling is currently being traded few points above 1.47 level. Pair is likely to find support around 1.4630 handle and resistance above 1.4720 level. Later today, in the US session, Durable Goods Orders and Unemployment Claims figures are scheduled for a release.

More in this category: « Private Capital Expenditure down by 5.2% in Q1 Durable Good Orders increased more than expected »

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