United Kingdom: GDP growth in the first quarter disappoints — HSBC

FXStreet — the UK’s gross domestic product (GDP) has grown compared to the previous quarter by only 0.3 percent. Responsible for the slowdown, especially a growth industry decline in the service and retail sectors. The growth in the Hotel and restaurant sector, contracted by minus 0.5 percent compared to the previous quarter. This was the weakest growth clip in the fourth quarter of 2012, said the HSBC market analysts.

Important Quotes:

At the same time, there was recently a decline in consumer confidence, and declining real estate prices and falling mortgage approvals. MPC members, which blow into the same Horn as Kirstin Forbes, and a key interest rate increases push, should have been brought as a result of disappointing economic data back on the floor of the facts back, and for the time being for no higher interest rates, more pleading.

** FXStreet News Editorial, FXStreet**

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