UK Economy Recorded 0.6% Growth in First Quarter

The United Kingdom’s 0.6% growth in the first quarter may lift global risk appetite, thereby supporting commodity prices. This scenario could also increase demand for risk‑seeking assets in Turkey, potentially lifting the BIST 100 index. The lira may appreciate in line with strong global growth expectations. However, divergences in monetary policy and ongoing geopolitical risks continue to create uncertainty.

The UK economy’s 0.6% expansion in the first quarter may enhance investor confidence and provide support for the FTSE. Technical indicators also signal a bullish trend: the MACD is above its signal line, the 20‑period SMA sits above the 50‑period SMA, and the RSI remains at 56.9, avoiding the overbought zone. A 1.3% rise over the past 24 hours suggests that short‑term positive momentum will likely persist. Nevertheless, global risk factors and interest‑rate expectations continue to create uncertainty, raising the possibility that the rally could remain limited. Overall, a modest upward trend for the FTSE is expected in the near term.

The UK economy recorded 0.6% growth in the first quarter, which could increase the value of the pound. Although the RSI14 indicator is at 43 and shows a downward trend, the percentage change in the last 24 hours is -0.093, indicating a decline. However, positive economic news may lead to a short-term increase in the pound's value. The SMA20 and SMA50 indicators also suggest that the pound's value could rise.

GBPJPY is trading at 213.28, experiencing a slight decline over the past 24 hours. The RSI stands at 46.45, indicating neutral territory, while the MACD is below its signal line and negative, suggesting short-term weakness. The price is just below the 20-day and 50-day moving averages (213.43 and 213.37, respectively), which could act as resistance. The UK economy's 0.6% growth in the first quarter may support the GBP, but weak technical indicators and resistance levels make it difficult to determine a clear direction. Therefore, a sideways movement is expected in the short term.