ALREADY IN AN HOUR: Preliminary data on UK GDP
Dear traders,
Market players will pay attention to the UK preliminary second quarter GDP to assess the health of the British economy.
At 11:30 Kiev time, Office for National Statistics of Great Britain (ONS) will publish the preliminary value of the UK’s GDP for the second quarter of 2018. It is expected that GDP growth will be 0.4% after growth of 0.2% in the first quarter.
Annual growth rate of the British economy for the second quarter is expected of 1.3%, slightly higher than the growth rate of 1.2% for the first quarter.
The Bank of England raised the interest rate last week, but signaled it was in no hurry to lift them further as Britain heads for Brexit next year with no clear plan for leaving the European Union.
At a time when there are less than eight months left before the British withdrawal from the EU, the country’s government has not agreed yet on the conditions for secession from the EU with Brussels and increasingly declares the possibility of Brexit without any agreement on further relations with the EU. (Investing.com)
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