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 1.2% against a forecast of 1%.
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 | ||||
---|---|---|---|---|---|
GfK Consumer Confidence | Bullish change | -19 | -17 | ||
S&P Global Composite PMI | Bullish change | 51.5 | 53 | ||
S&P Global Manufacturing PMI | Bearish change | 48 | 47.3 | ||
S&P Global Services PMI | Bullish change | 51.8 | 53.6 | ||
Consumer Price Index (MoM) | Bearish change | 0.3% | 0.1% | ||
Consumer Price Index (YoY) | Bullish change | 3.6% | 3.8% | ||
Core Consumer Price Index (YoY) | Bullish change | 3.7% | 3.8% | ||
Retail Price Index (MoM) | (no change) | 0.4% | 0.4% | ||
Retail Price Index (YoY) | Bullish change | 4.4% | 4.8% |