11 April 2025 | Other

UK economy demonstrates unexpectedly strong growth in February

UK economy demonstrates unexpectedly strong growth in February

The UK economy registered its strongest growth in nearly a year during February. This followed January's stagnant period, when figures were revised upward from an estimated 0.1% decline to zero growth. GDP expanded by 0.5%, significantly outpacing economists' 0.1% rise forecast. All major sectors recorded gains, with manufacturing output surging 2.2%, significantly exceeding the 0.2% forecast.

According to Liz McKeown, Director of Economic Statistics at the ONS, strong increase in computer programming, telecommunications, and motor trade sectors drove the positive economic performance. The industrial sector received a boost from electronics and pharmaceuticals, which offset recent declines in automobile production.

Despite these positive trends, Bloomberg cautions that the current economic recovery may prove temporary. The Trump administration's tariffs could potentially slow global GDP growth and exert pressure on the UK economy. The agency suggests this uncertainty raises the likelihood of further Bank of England interest rate cuts.

Period: 31.08.2026 Expectation: 250 pips
Invest in EURUSD with 1.1610 target
Yesterday at 12:10 PM 19
Gold buy
Period: 31.08.2026 Expectation: 6000 pips
Invest in gold up to $4,410
Yesterday at 12:10 PM 29
Period: 19.09.2026 Expectation: 200 pips
Going long on natural gas with $3 in sight
Yesterday at 11:17 AM 16
Period: 26.08.2026 Expectation: 960 pips
NVIDIA pullback fails to break its uptrend
Yesterday at 09:41 AM 21
Period: 19.09.2026 Expectation: 2150 pips
Go long on EURUSD with 1.18000 target
Yesterday at 09:17 AM 13
Period: 26.08.2026 Expectation: 600 pips
USDCAD is declining due to halt in new tariffs against Canada
Yesterday at 07:59 AM 18
Go to forecasts