UK Preliminary GDP rises 0.6% QoQ in Q2, as expected

• Quarterly GDP for the UK expanded 0.6% in Q2 vs. 0.6% forecast.
• UK GDP arrived at 0% MoM in June vs. 0% estimate.
• GBP/USD keeps gains above 1.2800 on the UK GDP data.

The UK economy expanded 0.6% QoQ in the three months to June, having reported a 0.7% growth in the first quarter of 2024. The market consensus was for +0.6% in the reported period.

The UK GDP rose 0.9% YoY in Q2 vs. 0.9% expected and 0.3% booked in Q1.