UK Q2 GDP preliminary figure (annualized) released: 1.2%

UK Q2 preliminary GDP annualized at 1.2%, beating expectations of 1.1% and prior 0.9%, boosting confidence in economic resilience and supporting GBP assets.

The preliminary GDP figure for the UK’s second quarter (annualized) came in at 1.2%, higher than the expected 1.1% and the previous value of 0.9%. The data, which exceeded expectations, boosted confidence in the UK economy’s resilience, potentially increasing the appeal of British assets and supporting positive views on global liquidity.