UK GDP 3-Month Avg (Feb) 0.5% vs. Exp. 0.2% (Prev. 0.2%, Low. 0.2%, High. 0.3%)

The UK GDP 3-month average coming in at 0.5% versus an expectation of 0.2% is a significant upside surprise, suggesting stronger economic momentum than anticipated.

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Goldman Sachs expects the ECB to deliver 25bp rate hikes in June and September 2026 (prev. saw hikes in April and June)

TSMC (TSM/2330 TT) provides guidance (TWD): Q2 Revenue 39-40.2bln (exp. 38.1bln), Gross Margin 65.5-67.5% (exp. 64.1%), Op. Margin 56.5-58.5% (exp. 55.3%)

UK GDP 3-Month Avg (Feb) 0.5% vs. Exp. 0.2% (Prev. 0.2%, Low. 0.2%, High. 0.3%)

Newsquawk Daily European Equity Opening News - 16th April 2026

Pakistani Army Chief is heading to the US on Friday as part of mediation efforts between the US and Iran, Al Jazeera reports citing a Pakistani security source

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This positive data may bolster the case for maintaining or tightening monetary policy, impacting sentiment towards the GBP, potentially leading to a stronger currency as market participants reassess growth outlook and rate expectations.

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