GBP GDP q/q comes in at 0.4% against 0.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| GBPUSD | — | — |
The UK’s Gross Domestic Product (GDP) for the second quarter of 2026 expanded by 0.4% quarter over quarter. This figure exceeded the consensus expectation of 0.3%, representing a 33.3% surprise relative to the forecast. The previous quarter’s GDP growth was recorded at 0.6%.
Approximately 15 minutes after the release, the British Pound showed varied reactions across major pairs. GBPJPY saw a gain of 8.2 pips, and GBPNZD rose by 9.2 pips. Conversely, GBPAUD declined by 4.9 pips, and GBPUSD moved down by 3.7 pips. EURGBP was down 0.6 pips, GBPCAD was up 1.3 pips, and GBPCHF showed no change. These initial movements were generally small when compared to the median 1-hour moves observed after past releases, which include 5 pips for EURGBP, 16 pips for GBPAUD, 13 pips for GBPCAD, 11 pips for GBPCHF, 16 pips for GBPJPY, 19 pips for GBPNZD, and 12 pips for GBPUSD.