The British Pound reacts cautiously to strong GDP data from the United Kingdom.
On May 15, Glomedia reported that Mitsubishi UFJ Analyst Derek Halpenny stated in a report that the British Pound's reaction to the improved UK economic growth data was muted, indicating a cautious interpretation of these data. The data shows that after a 0.1% growth in the previous quarter, the UK economy grew by 0.7% in the first quarter, but this was driven by unstable factors in business investment. This may suggest that investors will remain cautious about overinterpreting the first quarter data. Given the tariff measures announced by the USA in April, the Bank of England sees the risk of a slowdown in economic growth, suggesting that further gradual interest rate cuts should be considered.
Macau Monetary Authority: As of the end of April, the preliminary Statistics of total Forex reserve Assets amounted to 229.2 billion patacas.
On May 15, the Monetary Authority of Macao announced that as of the end of April 2025, the total Forex reserve Assets of the Macao Special Administrative Region was preliminarily estimated to be 229.2 billion Macanese patacas.
The United Kingdom's economy achieved its strongest quarterly growth in a year, but the future outlook remains pessimistic.
Before being hit by both the tax increase and the trade war with the USA, the United Kingdom's economy achieved its strongest quarterly growth in a year.
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Express News | The economy of the United Kingdom grew by 0.7% in the first quarter, the best performance in four quarters.
U.K. Economy Raced at Start of 2025 But Faces Slowdown Ahead
The GDP of the United Kingdom in March increased by 1.1% year-on-year.
Gelonghui, May 15 | The United Kingdom's March GDP annual rate is 1.1%, expected 1%, previous value 1.4%; monthly rate is 0.2%, expected 0%, previous value 0.50%.
In March, the GDP of the United Kingdom grew by 0.2% month-on-month, lower than the previous 0.5%. The forecast was 0%.
In March, the GDP of the United Kingdom increased by 0.2% month-on-month, lower than the previous 0.5%. The forecast was 0%.
Express News | Bank of England committee member Mann stated that market volatility has led her to no longer support further interest rate cuts.
Express News | Bank of England committee member Mann stated that market fluctuations have led her to no longer support further interest rate cuts.
From strongly advocating for a significant interest rate cut to holding steady, United Kingdom central bank official Mann explains the logic behind the "flip-flop".
Catherine Mann explained on Wednesday that her change in position is due to significant market fluctuations that led to a reduction in borrowing costs, which essentially acted to loosen financial conditions.