Monday, 30 September 2019 15:55 WIB |
ECONOMY |Ekonomi inggris
The UK GDP second estimate showed that the economy contracted by 0.2% q/q in the second quarter of 2019, the same as that seen in the first readout while matching the consensus forecasts.
While on an annualized basis, the UK economy™s growth rate arrived at 1.3% in Q2, beating the expectations of 1.2% and up from 1.2% previous reading.
Separately, the UK Total Business Investment data arrived at -0.4% q/q in Q2 while at -1.4% y/y for the same period. Both the figures came in above the consensus forecasts.
Meanwhile, the UK Q2 Current Account deficit stood at GBP -25.20 billion vs. GBP -19.500 billion expected and GBP -33.08 billion last.
The pound remained unfazed by the mixed UK GDP revision, with the Cable holding onto gains above the 1.23 handle.
Source : FX Street