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UK Final GDP arrives at 0.0% QoQ in Q4, meets estimates – Cable unfazed

  • UK Final Q4 GDP meets expectations across the time horizon.
  • GBP/USD consolidates the recovery gains near 1.2350.

The UK GDP second estimate revealed that the economy showed no growth, arriving at 0.0% QoQ in the fourth quarter of 2019 vs. 0.0% seen in the first readout while meeting the consensus forecasts of 0.0%.

While on an annualized basis, the UK economy’s growth rate arrived at 1.1% in Q4, matching the expectations of +1.1% and up from +1.1% previous reading.

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Denmark Gross Domestic Product (YoY) climbed from previous 1.8% to 2.3% in 4Q
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Denmark Gross Domestic Product (QoQ) climbed from previous 0.2% to 0.6% in 4Q

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