{"id":57028,"date":"2026-07-16T21:21:17","date_gmt":"2026-07-16T21:21:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/uk-may-gdp-edges-up-0-1-as-services-rebound-bolstering-sterling-and-bank-rate-hike-bets\/"},"modified":"2026-07-16T21:21:17","modified_gmt":"2026-07-16T21:21:17","slug":"uk-may-gdp-edges-up-0-1-as-services-rebound-bolstering-sterling-and-bank-rate-hike-bets","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/live-updates\/uk-may-gdp-edges-up-0-1-as-services-rebound-bolstering-sterling-and-bank-rate-hike-bets\/","title":{"rendered":"UK May GDP edges up 0.1% as services rebound, bolstering sterling and Bank Rate hike bets"},"content":{"rendered":"

UK May GDP rose 0.1% month on month, beating a 0% consensus and reversing a -0.1% print in April, in line with the Bank of England\u2019s baseline Q2 forecast of +0.1% quarter on quarter. The monthly gain was driven by a 0.3% rise in services, while production fell -0.5% and construction declined -0.8%. Within services, professional, scientific and technical activities accounted for 0.16 percentage points of the increase in real GDP.<\/p>\n\n

Monetary Policy Expectations<\/h3>\n

Rates pricing points to further tightening, with the swaps curve fully implying a 25 basis-point move to a 4.00% Bank Rate in November and a cumulative 50 basis points over the next 12 months, reflecting persistent inflation. <\/p>\n\n

Foreign Exchange Market Developments<\/h3>\n

In FX markets, GBP\/USD has resistance near 1.3600, while GBP was described as consolidating after broad-based gains linked to shifting political expectations involving Andy Burnham and Ed Miliband, and the article states it was produced using an AI tool and reviewed by an editor.<\/p>\n\n\n\n

Start trading now \u2014 click here<\/a> to create your real VT Markets account.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

UK May GDP grew 0.1%, beating forecasts; services led, while rate hikes and GBP consolidation persisted.<\/p>\n","protected":false},"author":87,"featured_media":55846,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-57028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=57028"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/57028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/55846"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=57028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=57028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=57028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}