The UK’s GDP 3-Month Average rose to 0.3%, up from the previous 0.2%, indicating a modest improvement in economic activity. This 0.1 percentage point increase suggests a slight acceleration in growth over the past quarter.
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The actual GDP figure matched analyst estimates of 0.3%, suggesting that the market had accurately anticipated this level of growth. This alignment with expectations is likely to result in limited immediate impact on the stock market. However, sectors sensitive to economic growth, such as consumer goods and financials, may experience some positive sentiment. The market impact is expected to be short-term, as the data confirms existing growth forecasts without altering policy expectations.