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 1.1% against a forecast of 0.8%.
Recent economic data has been moderately bullish 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 (MoM) | Bearish change | 0.4% | 0.3% | ||
| Gross Domestic Product (QoQ) | Bullish change | 0.2% | 0.6% | ||
| Industrial Production (MoM) | Bearish change | 0.3% | -0.2% | ||
| Manufacturing Production (MoM) | Bullish change | -0.2% | 1.2% | ||
| BRC Like-For-Like Retail Sales (YoY) | Bearish change | 3.1% | -3.4% |