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U.K. stocks higher as pound dips after in-line U.K. GDP

Published 26/07/2017, 10:19
Updated 26/07/2017, 10:19
© Reuters.

© Reuters.

Investing.com - U.K. stocks were higher Wednesday as the pound dipped after in-line U.K. Q2 GDP growth.
The FTSE 100 was up 0.61% at 04:45 ET.
The pound was off 0.10% at $1.3014, off a high of $1.3084. The yield on the 10-year gilt above 1.2%.
According to official preliminary data, the U.K. economy grew an annual 1.7% in the second quarter.
On a quarter-on-quarter basis GDP was up 0.3%.
GDP was forecast to be up 1.7% year-on-year and up 0.3% from the first quarter.
GDP was up 0.2% in the first quarter and up 2.0% from a year earlier.
The slowdown in growth eases the pressure on the BoE for an early rate hike to contain inflation.

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