U.K. Gross Domestic Product (MoM) For January 0.2% Vs. 0.2% Est.; -0.1% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K.'s Gross Domestic Product (GDP) for January showed a growth of 0.2%, aligning with the estimates and marking an improvement from the previous month's decline of 0.1%.
March 13, 2024 | 7:03 am
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POSITIVE IMPACT
The U.K.'s GDP growth for January could signal a positive economic outlook, potentially benefiting EWU, an ETF tracking U.K. equities.
As EWU tracks the performance of U.K. equities, positive GDP growth indicates a healthier economy, which can lead to improved investor sentiment towards U.K. stocks. This could result in a short-term positive impact on EWU's price.
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