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Breaking Posted 2 hours ago

UK GDP grew 0.1% in May, matching forecasts

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UK economy expanded 0.1% in May following a 0.1% contraction in April, matching economist expectations despite Iran war energy headwinds. GBP/USD sensitive to UK growth data, but flat sequential recovery offers limited directional catalyst amid crowded USD positioning and upcoming US CPI focus.
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1 hour ago

UK May Monthly GDP Beats 0.1%, Outpaces 0.0% Estimate

UK monthly GDP rose 0.1% in May, beating the 0.0% forecast and reversing April's -0.1% decline; three-month growth held steady at 0.7%, matching prior expectations. GBP/USD and GBP crosses face renewed volatility as stronger-than-expected growth data could influence BoE rate-cut timing, though current market focus remains on US CPI Tuesday and Fed rate-path repricing.

https://x.com/LiveSquawk/status/2077635015458886067
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