Talking Points
- UK first-quarter economic growth fell to 0.3% q/q; below the expected 0.4%.
- However, the British Pound shrugged off the figures.
- Check out the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for next week on the DailyFX Webinar Calendar.
UK economic growth was lower than expected in the first quarter of 2017. GDP expanded by just 0.3% quarter/quarter, below both the 0.7% recorded in the previous quarter and the 0.4% consensus among analysts polled before the release.
On a year/year basis, UK GDP grew by 2.1%, below the expected 2.2% but above the previous 1.9%.
In this video, recorded before and after the figures, I take a look at the main factors to watch when trading GBP/USD, EUR/GBP and GBP/JPY, including Brexit, the upcoming UK general election and geopolitical risk. I also look at the London stock market’s two main indexes, the FTSE 100 and the FTSE 250.
--- Written by Martin Essex, Analyst and Editor
To contact Martin, email him at martin.essex@ig.com
Follow Martin on Twitter @MartinSEssex
If you’re looking for trading ideas, check out our Trading Guides; they’re free and updated for the second quarter of 2017
If you’re looking for ideas more short-term in nature, check out the IG Client Sentiment Data
You can read about the figures in more detail here
