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UK GDP grows 0.7% in Q3 as September beats estimates
September growth beat estimates as services and manufacturing rose, with traders pricing 71% odds of a December hike.
Key takeaways
- UK GDP grew 0.7% in Q3 2026, matching preliminary estimates.
- September growth beat expectations, led by services and manufacturing.
- 9 of 14 services subsectors grew; real estate added 0.4%.
- Traders priced roughly 71% odds of a 25 bps December rate hike.
- GBP/USD traded near 1.3260, down 0.1% on the day.
UK economy grows 0.7% in Q3
The UK economy grew by 0.7% in the third quarter of 2026, matching preliminary estimates, according to a report published by investingLive on 12 November. September growth beat expectations, with the services sector outperforming and industrial and manufacturing output also rising.
The report notes a negative revision to the August figures. The services sector was the main driver, with 9 of 14 subsectors growing. Real estate activities made the largest positive contribution at +0.4%, followed by transportation and storage at +1.4%.
Bank of England outlook
The data is unlikely to shift the Bank of England's focus on inflation. With growth holding up, the report says there will be fewer headwinds for the central bank in justifying another rate increase in December before reassessing its policy path next year.
Traders had priced in roughly 71% odds of a 25 basis point hike for December coming into the release, according to investingLive. GBP/USD was around 1.3260 on the day, down 0.1%, and little changed after the data.
Sources
1 report- investingLive (ex-ForexLive) Breaking NewsUK September GDP beats expectations as resilient growth keeps BOE December rate hike on track
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What are the market odds of a December Bank of England rate hike?
The report says traders had priced in roughly 71% odds of a 25 basis point hike for December coming into the data release.
Which sectors drove the September growth?
The services sector was the standout, with 9 of 14 subsectors growing. Real estate activities contributed +0.4% and transportation and storage +1.4%. Industrial and manufacturing output also grew in September.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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