UK: GDP to gain 0.3% in May - TDS

The UK publishes its first ever estimate of monthly GDP today and analysts at TD Securities expect a 0.3% m/m gain in May, which should set the MPC up comfortably for a hike in August.

Key Quotes

“The usual industrial production, trade, and construction releases will be published alongside GDP, as will the Index of Services release, which has been brought forward by two weeks on a permanent basis.”