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.