The typical/expected impact on GBP pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 0.4%. 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 0.6% against a forecast of 0.6%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BRC Like-For-Like Retail Sales (YoY) | Bearish change | 1.7% | 1% | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bullish change | 2 | 3 |