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UK April GDP Contracts 0.1%, Aligns with Bank of England's Q2 Forecast

2026-06-12 08:17:10

According to Barclays analysts Jack Meaning and Sean Henigan, the UK's April GDP fell 0.1% month-on-month on June 12, confirming the Bank of England's Q2 growth forecast of 0.1%. The central bank will hold its policy meeting next week. Services sector weakness, particularly from sports and entertainment, dragged on growth. Market focus will turn to May inflation data and April labor market data due next week, with limited room for surprises to alter the June meeting outcome, though data could influence voting distribution.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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