GBP: UK growth outperforms but MPC cautious – TD Securities

TD Securities strategists report that United Kingdom (UK) Gross Domestic Product (GDP) for February significantly beat expectations, with broad-based strength across services, production and construction. TD Securities strategists report that United Kingdom (UK) Gross Domestic Product (GDP) for February significantly beat expectations, with broad-based strength across services, production and construction. TD Securities strategists report that United Kingdom (UK)… TD Securities strategists report that United Kingdom (UK) Gross Domestic Product (GDP) for February significantly beat expectations, with broad-based strength across services, production and construction. TD Securities strategists report that United Kingdom (UK) Gross Domestic Product (GDP) for February significantly beat expectations, with broad-based strength across services, production and construction. The data point to a stronger Q1 than the MPC’s (Monetary Policy Committee) forecast, but the authors emphasize that this is pre-conflict information and therefore unlikely to materially influence the Bank of England’s (BoE) April policy decision, tempering Pound implications.Broad-based GDP beat versus MPC view"February… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.