Seeking Alpha

U.K. Q3 GDP growth hits three-year high

  • As expected, U.K. GDP grew at the fastest rate since 2010, increasing a preliminary 0.8% on quarter in Q3 vs 0.7% in Q2.
  • On year, GDP +1.5%, as expected.
  • Agriculture grew 1.4% on quarter, production 0.5%, construction 2.5% and services 0.5%, with the latter sector now 0.6% above its pre-crisis peak. However, the U.K. economy is still 2.5% smaller than that level. (PR)
  • The FTSE spikes and is +0.8%, while the pound is +0.1% after skipping higher and then falling back.
  • ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB.
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