GBP: UK GDP beats expectations in November – BBH
Par FXStreet Insights Team
Date de publication: 15 Jan 2026 | Date de modification: 15 Jan 2026
ARTICLES POPULAIRES
UK economic growth surprised on the upside in November, with real GDP rising 0.3% month-on-month, led by gains in services and manufacturing despite continued weakness in construction, BBH FX analysts report.
UK economic growth surprised on the upside in November, with real GDP rising 0.3% month-on-month, led by gains in services and manufacturing despite continued weakness in construction, BBH FX analysts report.
BOE rate cuts priced in as policy room remains
"UK economic growth overshot expectations in November. Real GDP rose 0.3% m/m (consensus: 0.1%) vs. -0.1% in October, driven by services and production. Services output increased 0.3% m/m vs. -0.3% in October while production output increased 1.1% m/m vs. 1.3% in October on a solid pick-up in manufacturing activity. The construction sector remains a drag on the economy falling -1.3% m/m following a decline of -1.2% in October."
"Leading indicators point to soggy UK economic activity with real GDP growth tracking the Bank of England’s (BOE) Q4 projection of 0.3% q/q. As such, the BOE has room to ease policy further, which remains a drag for GBP. The UK swaps curve fully price-in a total of 50bps of BOE rate cuts to 3.25% over the next twelve months."
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
