Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for Gross Domestic Product (YoY) was 1.5% against a forecast of 1.4%.
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Gross Domestic Product (QoQ) | (no change) | 0.1% | 0.1% | ||
Retail Sales (MoM) | Bearish change | 1.4% | 1% | ||
Retail Sales (YoY) | Bullish change | 0.6% | 2.2% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 1.6% | 1% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 0.8% | 2.2% | ||
Consumer Price Index (MoM) | Bullish change | -0.1% | 0.4% | ||
Consumer Price Index (YoY) | Bearish change | 3% | 2.8% | ||
Core Consumer Price Index (YoY) | Bearish change | 3.7% | 3.5% | ||
Retail Price Index (MoM) | Bullish change | -0.1% | 0.6% | ||
Retail Price Index (YoY) | Bearish change | 3.6% | 3.4% | ||
S&P Global/CIPS Composite PMI | Bullish change | 50.5 | 52 | ||
S&P Global/CIPS Manufacturing PMI | Bearish change | 46.9 | 44.6 | ||
S&P Global/CIPS Services PMI | Bullish change | 51 | 53.2 | ||
GfK Consumer Confidence | Bullish change | -20 | -19 |