UK GDP MoM (Jan) M/M 0.0% vs. Exp. 0.2% (Prev. 0.1%, Low. 0.1%, High. 0.3%)

• Growth ticked up slightly in the latest three months, partly reflecting the recovery of car manufacturing, following the cyber incident in the Autumn.
• Within, services, which also increased, wholesale continued to rebound from a weak summer.
• However, the overall picture remains subdued, with no growth in the latest month.
• There was another large fall in the construction industry in the latest three months, with continued contraction in housebuilding.

The UK GDP growth for January came in at 0.0%, below expectations of 0.2%, indicating a stagnation in economic activity that contrasts with a slight recovery observed over the prior three months. This disappointing figure may raise concerns over the economic momentum and complicate the Bank of England's policy outlook, particularly as the construction sector continues to struggle. Overall, it suggests a cautious tone for GBP and could influence fixed income market dynamics as traders reassess growth forecasts.