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The UK did not grow in September

GBPUSD News by Newsroom on 08:00 November 09, 2018 EST

The UK GDP first estimate showed growth  at 0.6% q/q in the third quarter of 2018, better than 0.4% seen in the second quarter.

Annualized, the UK economy’s growth rate arrived at 1.5% in Q3, inline with the consensus forecasts of 1.5% and rising from a 1.2% figure.

The UK GDP monthly release showed that the economy did no grow in September versus 0.1% expected growth and 0.0% previous.

The pound is barely holding above 1.30 against the dollar.