The UK economy grew 0.1% on the quarter in the first three months of 2023 vs. 0.1% prior, the final revision confirmed on Friday. The market had expected an expansion of 0.1% in the first quarter.

Britain’s annual GDP expanded by 0.2% in Q1 vs. the first readout of 0.2% while missing 0.2% expectations.

Meanwhile, the UK Q1 Current Account arrived at £-10.757B, compared with the £-8.5B expectations and the fourth quarter’s £-2.483B.

The country’s Total Business Investment data for Q1 came in at 3.3% QoQ and 5.8% YoY.

more to come ...