UK GDP Revision Sparks Reassessment of BoE Policy

The UK's Office for National Statistics has revised its estimate of GDP growth in Q2 2026, up to 0.5%. This higher-than-expected number could influence the Bank of England's upcoming monetary policy decisions.

Market participants are reassessing their expectations following the release of this data, which shows stronger underlying economic conditions than previously thought.

The GBP/USD pair is trading at $1.3195, with bearish momentum dominating and a range of $1.3129 to $1.3261 expected in the short term.