The typical/expected impact on GBP pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 0.2%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Gross Domestic Product (QoQ) was 0.3% against a forecast of 0.3%.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Average Earnings Excluding Bonus (3Mo/Yr) | Bearish change | 4.7% | 4.6% | ||
| Average Earnings Including Bonus (3Mo/Yr) | Bearish change | 5% | 4.8% | ||
| Claimant Count Change | Bearish change | 0.4K | 29K | ||
| Claimant Count Rate | Bearish change | 4.3% | 4.4% | ||
| Employment Change (3M) | Bearish change | 91K | -22K | ||
| ILO Unemployment Rate (3M) | Bearish change | 4.8% | 5% | ||
| BRC Like-For-Like Retail Sales (YoY) | Bearish change | 2% | 1.5% | ||
| BoE MPC Vote Rate Cut | Bearish change | 2 | 4 | ||
| BoE MPC Vote Rate Hike | (no change) | 0 | 0 |