UK: Focus on Q3 GDP release today – TDS

Research Team at TDS, suggests that the investors focus in today’s session will be on the release of UK’s Q3 GDP numbers.

Key Quotes

“While the BoE upgraded its forecast from 0.1% Q/Q in Aug to 0.3% Q/Q in Sept, we see further upside at +0.4% and our models hint at +0.5%/qtr.  With consensus having shifted away from another BoE rate cut at next week’s meeting, a stronger GDP print will reinforce the coin toss nature of the Nov BoE call.”