Business Investment q/q comes in at 1.7% against 2.6% consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
UK Business Investment q/q for the second quarter came in at 1.7%, falling short of the consensus estimate of 2.6%. This actual figure represents a -34.6% surprise compared to expectations. The previous quarter’s reading was 0.7%.
Following the release, the British Pound showed varied movement against major currencies in the initial 15 minutes. GBPUSD moved -3.7 pips, while EURGBP saw a -0.6 pip change. GBPAUD declined by -4.9 pips. In contrast, GBPCAD gained +1.3 pips, GBPJPY rose +8.2 pips, and GBPNZD increased by +9.2 pips. GBPCHF remained unchanged at 0.0 pips. These initial movements are generally small relative to the typical 1-hour moves observed after past releases. For example, GBPUSD typically sees a median 1-hour move of 11 pips, GBPAUD 15 pips, GBPCAD 11 pips, GBPCHF 10 pips, GBPJPY 16 pips, EURGBP 5 pips, and GBPNZD 18 pips.