Lower numbers than forecast tend to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.
The most recent announced value for Gross Domestic Product (YoY) was 1.3% against a forecast of 1.4%.
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 (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global Composite PMI | Bearish change | 52.2 | 50.5 | ||
| S&P Global Manufacturing PMI | Bullish change | 49.7 | 50.2 | ||
| S&P Global Services PMI | Bearish change | 52.3 | 50.5 | ||
| Retail Sales (MoM) | Bearish change | 0.7% | -1.1% | ||
| Retail Sales (YoY) | Bearish change | 1% | 0.2% | ||
| Retail Sales ex-Fuel (MoM) | Bearish change | 0.7% | -1% | ||
| Retail Sales ex-Fuel (YoY) | Bearish change | 1.7% | 1.2% | ||
| GfK Consumer Confidence | Bearish change | -17 | -19 |