U.K. Gross Domestic Product (QoQ) For Q2 0.2% Vs. 0.2% Est.; 0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s Gross Domestic Product (GDP) for Q2 has met the estimated 0.2%, showing a slight increase from the prior 0.1%.
September 29, 2023 | 6:02 am
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NEUTRAL IMPACT
The U.K.'s GDP for Q2 meeting estimates may have a neutral impact on the iShares MSCI United Kingdom ETF (EWU), as the economy is performing as expected.
The U.K.'s GDP for Q2 has met the estimated 0.2%, which indicates that the economy is performing as expected. This is likely to have a neutral impact on the iShares MSCI United Kingdom ETF (EWU), as it suggests that there are no major surprises in the U.K. economy that could significantly affect the ETF's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80