Q2 growth heading for four year high – RBS

By FXstreet.com | Updated July 30, 2014 AAA

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

    Weekly Trading Forecast: Expect Heavy Seas Between NFPs, ECB and RBA

  2. Forex News

    Trading Video: Expect Volatility for the Dollar, Equities, Euro...Everything

  3. Forex News

    GBP/USD Stalls at Key Juncture - Outlook Hinges on BoE, NFP

  4. Forex News

    GBP/USD: Bears need a break of 20 dma at 1.5333

  5. Forex News

    GBP/USD upside capped at 1.5460

Trading Center