UK Preliminary GDP expands 0.1% QoQ in Q3 vs. 0.2% expected

• Quarterly GDP for the UK rose 0.1% in Q3 vs. 0.2% estimate.
• UK GDP came in at -0.1% MoM in September vs. 0.2% forecast.
• GBP/USD remains below 1.2700 after the UK GDP data.

The UK economy grew 0.1% QoQ in the three months to September 2024 after expanding 0.5% in the second quarter. The data missed the market forecast of +0.2% in the reported period.

The UK GDP climbed by 1.0% YoY in Q3 vs. 1.0% expected and 0.7% recorded in Q2.

The monthly UK GDP arrived at -0.1% in September, compared to a 0.2% increase in August, missing the expectations of +0.2%.