GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Headline data broadly in line; underlying data a bit softer; little for BOE here

UK DATA
  • No real market reaction with the headline quarterly GDP and monthly GDP both in line with consensus expectations.
  • The breakdown is disappointing for quarterly GDP. Consumption was softer than expected, as was investment while government spending was higher. Exports were stronger, but imports also grew significantly.
  • Looking at the monthly breakdown, services were soft (falling -0.1%M/M, driven by soft retail / wholesale trade) while manufacturing and construction were both stronger than expected). The monthly trade balance was a bit worse than expected.
  • The ONS does note that there was industrial action in some industries - highlighting the junior doctors strikes impacting human health output (within services).
  • Nothing really here to move the dial for the BOE.
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.