UK GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on British economic health.
Actual
-1.6%
Forecast
-1.5%
Previous
1.3%
Source: Office for National Statistics. Figures as released; revisions appear in the next print.
UK GDP Growth Rate for Q1 2021 came in at -1.6% versus -1.5% expected (previous 1.3%), below forecast, which was negative for the GBP.
What it meant for the British Pound
The actual landed below the -1.5% forecast (0.1 below expectations). A reading above forecast is generally bullish for the GBP, and below forecast bearish. On this release the read was negative for the GBP.
New to this release? See what UK GDP Growth Rate measures, the next release and its full history.