Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The typical/expected impact on GBP pairs is medium.
The consensus forecast for Gross Domestic Product (MoM) is -0.2%. 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 (MoM) was 0.5% against a forecast of 0.1%.
Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (MoM) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bullish change | 0 | 1 |
| Country: | United Kingdom |
|---|---|
| Currency: | GBP |
| Source: | Office for National Statistics |
| Category: | Economic Activity |
| Frequency: | Monthly |