TD Securities expects the United Kingdom's GDP for June to show no monthly growth, with a 0.0% change forecasted. This outlook reflects a reversal in previously strong performance within the professional services sector alongside modest weakness in the industrial sector, according to FX Street.
The Index of Services, a key component of GDP, is also predicted to remain flat for the month. This suggests that while some service sectors had been driving growth in May, their momentum has stalled going into June.
For Japanese investors, understanding the UK’s economic trajectory is important as it can influence currency markets and global trade dynamics, impacting FX and equities strategies that involve UK exposure.