share_log

The British Pound reacts cautiously to strong GDP data from the United Kingdom.

Gelonghui Finance ·  May 15 18:55

On May 15, Glomedia reported that Mitsubishi UFJ Analyst Derek Halpenny stated in a report that the British Pound's reaction to the improved UK economic growth data was muted, indicating a cautious interpretation of these data. The data shows that after a 0.1% growth in the previous quarter, the UK economy grew by 0.7% in the first quarter, but this was driven by unstable factors in business investment. This may suggest that investors will remain cautious about overinterpreting the first quarter data. Given the tariff measures announced by the USA in April, the Bank of England sees the risk of a slowdown in economic growth, suggesting that further gradual interest rate cuts should be considered.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment