The UK GDP second estimate showed that the GDP figures came in at 0.4% q/q in the second quarter of 2018, up from 0.1% previous readout while coming in line with expectations.
While on an annualized basis, the UK economy’s growth rate arrived at 1.2% in Q2, meeting the consensus forecasts of 1.3% and 1.1% flash reading (revised down from 1.3%).
Separately, the UK Q2 current deficit widened by GBP -20.317 billion versus an expansion of GBP -19.40 billion expected and GBP -15.692 billion (revised up from GBP -17.72 billion) last.
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