UK Q2 preliminary GDP +0.2% vs 0.0% q/q expected

<ul><li>Prior +0.1%</li><li>GDP +0.4% vs +0.2% y/y expected</li><li>Prior +0.2%</li></ul><p>The pound is up slightly on the numbers here as the June monthly GDP beat is helping to feed into a more positive Q2 picture overall. As a whole, UK GDP is now estimated to be just 0.2% below its pre-pandemic level in Q4 2019. This is a better than expected development but it still doesn't take away concerns surrounding the UK economy and stagflation risks to the outlook.</p>

This article was written by Justin Low at www.forexlive.com.