UK Stronger GDP Unsustainable – Survey Poll

U.K. economic growth is expected to have doubled in the second quarter of the year from the first, driven by a booming services sector, according to analysts – but some warned against cracking open the champagne just yet.

Analysts surveyed by CNBC forecast gross domestic product (GDP) growth of at least 0.6 percent in the second quarter. The official data, to be released on Thursday, follows expansion of 0.3 percent in the first three months of the year.

RBS U.K. economist Ross Walker said the services sector was driving growth in Britain. The purchasing managers’ index data (PMI) for the sector showed activity at a 27-month high in June.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze

centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu