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 0.7% against a forecast of 0.9%.
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 | ||||
---|---|---|---|---|---|
GfK Consumer Confidence | Bearish change | -20 | -21 | ||
S&P Global/CIPS Composite PMI | Bearish change | 52.6 | 51.7 | ||
S&P Global/CIPS Manufacturing PMI | Bearish change | 51.5 | 50.3 | ||
S&P Global/CIPS Services PMI | Bearish change | 52.4 | 51.8 | ||
Retail Sales (MoM) | Bearish change | 1% | 0.3% | ||
Retail Sales (YoY) | Bullish change | 2.3% | 3.9% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 1.1% | 0.3% | ||
Retail Sales ex-Fuel (YoY) | Bullish change | 2.2% | 4% | ||
Consumer Price Index (MoM) | Bearish change | 0.3% | 0% | ||
Consumer Price Index (YoY) | Bearish change | 2.2% | 1.7% | ||
Core Consumer Price Index (YoY) | Bearish change | 3.6% | 3.2% | ||
PPI Core Output (MoM) n.s.a | Bearish change | 0.1% | 0% | ||
PPI Core Output (YoY) n.s.a | Bullish change | 1.3% | 1.4% | ||
Producer Price Index - Output (MoM) n.s.a | Bearish change | -0.3% | -0.5% | ||
Producer Price Index - Output (YoY) n.s.a | Bearish change | 0.2% | -0.7% | ||
Retail Price Index (MoM) | Bearish change | 0.6% | -0.3% | ||
Retail Price Index (YoY) | Bearish change | 3.5% | 2.7% |