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UK GDP is key - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the UK 2015Q3 GDP coming up next week on 27 Oct.

    Key Quotes:

    "Risks are balanced around the UK’s 15Q3 GDP reading – we expect an on-consensus 0.6% q/q print. Economic momentum was maintained through the middle of the year, and slack in the economy (which the BoE estimated at around 0.5% in the August Inflation Report) is now being worked off steadily by above-trend growth. Coupled with healthy real wage growth and a return of inflation to the 1-3% range, this should help lay a solid foundation for the MPC to begin increasing Bank Rate in May 2016."
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