The U.K. avoided a Q1 contraction by a narrow margin
U.K.’s Q1 GDP 0.1% qtr/qtr, as expected (last 0.1%); 0.2% yr/yr, as expected (last 0.6%).
Q1 Business Investment 3.3% qtr/qtr (expected 0.7%; last -0.2%); 5.8% yr/yr (expected 3.2%; last 10.8%).
June Nationwide HPI 0.1% m/m (expected -0.3%; last -0.1%); -3.5% yr/yr (expected -4.0%; last -3.4%)