Prior +0.5%GDP +1.0% vs +1.0% y/y expectedPrior +0.7%
The quarterly estimate shows that the UK economy barely expanded in Q3, which highlights a more struggling backdrop in the second half of the year. This will be a tricky spot to watch for the BOE, especially if labour market conditions also start to ease much quicker in the months ahead.
This article was written by Justin Low at www.forexlive.com.
