U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change For June 0.2% Vs. 0.0% Est.; 0.0% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s monthly Gross Domestic Product (GDP) 3M/3M change for June was 0.2%, beating the estimated 0.0% and the prior 0.0%.
August 11, 2023 | 6:04 am
News sentiment analysis
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POSITIVE IMPACT
The U.K.'s GDP growth for June may positively impact the iShares MSCI United Kingdom ETF (EWU), as it indicates a stronger economy.
The U.K.'s GDP growth is a key indicator of the country's economic health. A higher than expected growth rate is a positive sign for the economy, which can lead to a rise in the value of assets related to the U.K., such as the EWU ETF. Therefore, the news of the U.K.'s GDP growth exceeding estimates is likely to have a positive impact on EWU in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80