Intraday Market Thoughts

UK GDP Tapers Pessimism, not QE

by Ashraf Laidi
Jul 25, 2013 15:54

The UK economy grows 0.6% q/q in Q2, posting the first consecutive quarterly positive growth in over 2 years. Communicating the GDP recovery while stressing the need for ample progress ahead as well as playing down the threat from inflation will be the BoE's main message in next week's MPC statement. This will be followed by more "forward guidance” from Carney at next month's inflation report. Full chart & analysis

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UK GDP Tapers Pessimism, not QE - Uk Us 10 Yields Jul 25 (Chart 1)

Act Exp Prev GMT
GDP (q/q)
0.6% 0.6% 0.3% Jul 25 8:30
GDP (y/y)
1.4% 1.4% 0.3% Jul 25 8:30

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