Free Trial
US TSY FUTURES

Bonds Extended Highs Post Auction, Sees Technical Selling

GBPUSD TECHS

Vol Band Contains Rally

OPTIONS

Larger FX Option Pipeline

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Monthly GDP disappoints by a tenth

UK DATA
  • Monthly GDP a tenth weaker than expected at 0.2%M/M - leaving the 3M/3M figure flat rather than +0.1%.
  • Services was broadly in line with expectations but IP (manufacturing was a bit weak, but there was a 3.4%M/M fall in electricity, has, steam and aircon supply) and construction was weak (due to remain and maintenance falling 2.6%). Trade data was better than expected.
  • This data is close enough to expectations that it probably won't have either much impact on markets or next week's MPC decision.
  • As noted earlier, labour market data tomorrow and inflation on Friday will be more closely watched.
97 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Monthly GDP a tenth weaker than expected at 0.2%M/M - leaving the 3M/3M figure flat rather than +0.1%.
  • Services was broadly in line with expectations but IP (manufacturing was a bit weak, but there was a 3.4%M/M fall in electricity, has, steam and aircon supply) and construction was weak (due to remain and maintenance falling 2.6%). Trade data was better than expected.
  • This data is close enough to expectations that it probably won't have either much impact on markets or next week's MPC decision.
  • As noted earlier, labour market data tomorrow and inflation on Friday will be more closely watched.