According to analysts at TD Securities, this morning’s UK activity data dump was categorically disappointing, with declines registered across all major components in December, and the fourth quarter GDP growth under-performing expectations, despite two-thirds of the data already released. Key Quotes “Quarterly GDP came in at 0.2% q/q, while December’s monthly GDP fell a sharp 0.4% m/m.” “Within the key components, Industrial Production fell 0.5% m/m, Construction fell 2.8% m/m, and the Index of Services fell 0.2% m/m.” “This report will provide comfort to the MPC that their sharp downgrade to growth in 2019 will materialise, though if anything, today’s numbers are even worse than they expected just last week.” “The snapshot for 2019Q1 GDP growth is now -0.2% q/q, meaning that the UK needs to show significant positive growth figures in the monthly data just to climb into positive growth territory.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK PM Spokesman: Meaningful vote on Brexit won’t be this week FX Street 4 years According to analysts at TD Securities, this morning's UK activity data dump was categorically disappointing, with declines registered across all major components in December, and the fourth quarter GDP growth under-performing expectations, despite two-thirds of the data already released. Key Quotes "Quarterly GDP came in at 0.2% q/q, while December's monthly GDP fell a sharp 0.4% m/m." "Within the key components, Industrial Production fell 0.5% m/m, Construction fell 2.8% m/m, and the Index of Services fell 0.2% m/m." "This report will provide comfort to the MPC that their sharp downgrade to growth in 2019 will materialise, though if anything, today's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
