UK Q1 GDP Year-on-Year Preliminary Value
Office for National Statistics announced the UK Q1 GDP Year-on-Year Preliminary Value on 2025-05-15. The reported figure stands at 1.3%, against a forecast of 1.2%, with the prior figure recorded as 1.50%.
Regarding the UK Q1 GDP Year-on-Year Preliminary Value, Actual value > Forecast value = Bullish for the Pound, GDP is the abbreviation for gross domestic product, which refers to the total value of all final products produced and services provided in a country or region's economy over a specific period (a quarter or a year). A significant increase in a country's GDP reflects robust economic development, an increase in national income, and an enhancement in consumption capacity. In such cases, the country's central bank may raise interest rates and tighten monetary supply. The good performance of the national economy and rising interest rates will increase the attractiveness of the country's currency.
This data holds an importance level of , calculated using Release quarterly and annual rate data, and updates monthly.
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