Corporate

30 Jun 2015
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First Quarter UK GDP Revised Upwards

The just out revised reading of UK GDP showed that the economy expanded at a faster pace than previously estimated for the first quarter, alongside expansion in business output and higher consumption levels. The upward revision is likely to bring forward expectations of an interest rate rise should fundamentals continue to improve in the coming months. Going forward, the flash estimate of consumer price inflation in the Euro zone and the Conference Board’s update on US consumer confidence will be in focus today. However, most market attention remains focused on Greece as the cash-strapped nation looks set to default on its debt payment to the IMF.
30 Jun 2015
Share

First Quarter UK GDP Revised Upwards

The just out revised reading of UK GDP showed that the economy expanded at a faster pace than previously estimated for the first quarter, alongside expansion in business output and higher consumption levels. The upward revision is likely to bring forward expectations of an interest rate rise should fundamentals continue to improve in the coming months. Going forward, the flash estimate of consumer price inflation in the Euro zone and the Conference Board’s update on US consumer confidence will be in focus today. However, most market attention remains focused on Greece as the cash-strapped nation looks set to default on its debt payment to the IMF.