FXStreet (Guatemala) - Analysts at RBS explained that their RBS UK GDP Tracker signals 0.9% growth in Q2 (a 4-year high).



Key Quotes:



“Our preliminary UK GDP Tracker estimate for Q2 2014 signals an acceleration in growth has accelerated to 0.9% (from 0.8% in Q1)”.



“Available data suggest broad-based strength in output in Q2, notably in the industrial sector where we expect growth to rise by 1.0% following expansion of 0.7% in Q1”.



“Services data remain thin on the ground but business surveys have generally maintained Q1 levels while retail sales volumes have seemingly been supported by lower inflation”.



“Base effects for some of the services output data (wholesale, motor vehicle and public services) are demanding so we judge the risks around our Tracker estimate to be to the downside”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Strategy Video: Dollar Awaits Fed Promise to Hike or Hold Through 2015

  2. Forex News

    Hawkish BoE and Fed Look to Data for 2015 Liftoff

  3. Forex News

    GBP/USD 1.5700 Still of Interest for Resistance

  4. Forex News

    MPC Aug meeting very important - Danske

  5. Forex News

    GBP/USD hovering around 1.5600, consolidates gains

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!