The UK economy is expected to have picked up sharply in the second quarter of the year, when official figures are published later.
An expected rise of around 0.6% in gross domestic product (GDP) would double the previous increase of 0.3%.
The predicted rise would be the best performance, excluding special events, since the third quarter of 2011.
Kathleen Brooks, research director at Forex.com said: “Most people in the know expect growth to expand, but there’s a question mark over how strong that growth will be.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.