UK: GDP, current account and house prices in focus - TDS

Research Team at TDS, suggests that in today’s session, UK investors will keep a close eye on the release of its GDP and current account numbers while nationwide house prices release will also garner some interest.

Key Quotes

“September’s Nationwide house prices are released, and markets anticipate a small gain on the month, but base effects will likely drag the annual number down to 5.0% y/y.

Revised 16Q2 GDP is released (no change expected) alongside July’s index of services print, which will offer a first glimpse of the measured service sector post-Brexit. Consensus is for a small 0.1% m/m gain.

The current account balance is also out for Q2, and consensus is looking for a small improvement to -£30.6bn, leaving it at around -6% as a share of GDP. However, revisions to this series are often significant.”