Business Investment q/q comes in at 1.8% against 1.7% consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
Business Investment q/q for the UK was reported at 1.8%, slightly above the consensus forecast of 1.7%. This figure represents a 5.9% positive surprise against expectations. The previous quarter’s reading was also 1.7%.
In the 15 minutes following the release, the British Pound showed mixed reactions against other major currencies. GBPUSD gained 8.2 pips, GBPJPY rose 13 pips, and GBPAUD was up 5.0 pips. GBPCAD saw a gain of 2.2 pips, and GBPCHF increased by 2.3 pips. Conversely, EURGBP declined 0.8 pips, and GBPNZD fell 13 pips. These initial 15-minute movements were generally smaller compared to the historical median 1-hour moves observed after past releases, which include 11 pips for GBPUSD, 16 pips for GBPJPY, 15 pips for GBPAUD, 11 pips for GBPCAD, 10 pips for GBPCHF, 5 pips for EURGBP, and 17 pips for GBPNZD.