UK final GDP rises by 1.4% in Q4, beats estimates (GBP little changed)

The UK GDP second estimate showed that the economy expanded by 0.2% q/q in the fourth quarter of 2018, the same as that seen in the first readout, while matching the consensus forecasts.

While on an annualized basis, the UK economy’s growth rate arrived at 1.4% in Q4, bettering the expectations of 1.3% and up from 1.3% previous reading.

Separately, the UK total investment data arrived at -0.9% q/q in Q4 while at -2.5% y/y for the same period. Both the figures surpassed the consensus forecasts.