UK GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on British economic health.
Actual
16%
Forecast
15.5%
Previous
-18.8%
UK GDP Growth Rate for Q3 came in at 16% versus 15.5% expected (previous -18.8%), above forecast, which was positive for the GBP.
What it meant for the GBP
The actual landed above the 15.5% forecast (0.5 above expectations). A reading above forecast is generally bullish for the GBP, and below forecast bearish. On this release the read was positive for the GBP.
New to this release? See what UK GDP Growth Rate measures, the next release and its full history.