The reading beat expectations and matched the prior upside surprise, a result likely to draw attention from sterling traders watching the UK growth outlook.
UK gross domestic product rose 1.3% year over year, exceeding the 1.2% forecast and matching a beat on the prior reading. The stronger-than-expected growth figure points to firmer economic momentum than anticipated and may matter for sterling traders because GDP data can influence expectations for interest rates, capital flows and the broader UK outlook.