UK Q1 preliminary GDP +0.6% vs +0.4% q/q expected

  • Latest data released by ONS - 10 May 2024
UKQ1GDP
  • Prior -0.3%

That's a decent beat as the UK economy bounces back strongly to start Q1 this year. The March estimate was also a solid beat with the services sector outperforming. If the BOE has to delay rate cuts for a bit, this will definitely help in selling that narrative.

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