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24 Apr 2015
UK key events next week, GDP - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the key events coming u next week for the UK, starting with GDP (Tuesday 28th April).
Key Quotes:
"Markets are looking for GDP growth to decelerate from 0.6% Q/Q in Q4 to 0.5% Q/Q in Q1, but we see downside risks and think that GDP growth could fall to as low as only 0.3%, which would be the slowest rate of growth since the London Olympics hangover in Q4 2012."
"The construction sector will likely be the biggest drag, but we’re also looking for a mild contraction in IP and a smaller contribution for the retail sector as the services sector more generally slows from a stronger 0.9% growth rate in Q4."
Key Quotes:
"Markets are looking for GDP growth to decelerate from 0.6% Q/Q in Q4 to 0.5% Q/Q in Q1, but we see downside risks and think that GDP growth could fall to as low as only 0.3%, which would be the slowest rate of growth since the London Olympics hangover in Q4 2012."
"The construction sector will likely be the biggest drag, but we’re also looking for a mild contraction in IP and a smaller contribution for the retail sector as the services sector more generally slows from a stronger 0.9% growth rate in Q4."