The typical/expected impact on GBP pairs is high.
The consensus forecast for Gross Domestic Product (YoY) is 1.9%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
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 1.4% against a forecast of 1.2%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BRC Like-For-Like Retail Sales (YoY) | Bullish change | 1% | 1.1% | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bullish change | 3 | 9 |