Preliminary UK GDP data for Q1 is expected to show a rebound to 0.6% growth, though geopolitical tensions may weigh on future performance.
The UK Office for National Statistics will publish its preliminary Q1 GDP estimate on Thursday, with analysts forecasting a 0.6% expansion. This follows a sluggish 0.1% growth in Q4 2023, signaling a potential recovery in economic activity.
Market expectations align with recent indicators suggesting improved consumer spending and business investment. However, risks from geopolitical tensions, particularly involving Iran, could dampen longer-term growth prospects.
No immediate market reaction has been reported ahead of the release, though sterling and UK equities may respond to deviations from consensus.