UK: GDP rises 3.1% in Q1

FXStreet (Łódź) - On an annual basis UK GDP grew 3.1% in Q1, up from the 2.7% increase registered the previous quarter, according to preliminary data released today by National Statistics. This result is slightly below market consensus of +3.2%.

Quarter-over-quarter GDP rose 0.8% in Q1, following +0.7% in Q4 and almost in line with expectations of 0.9% growth.