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 high.
The consensus forecast for Gross Domestic Product (YoY) is 1.3%. 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 (YoY) was 1.3% against a forecast of 1.2%.
Recent economic data has been moderately bearish for GBP. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
S&P Global Composite PMI | Bullish change | 50.3 | 50.7 | ||
S&P Global Manufacturing PMI | Bullish change | 46.4 | 47.7 | ||
S&P Global Services PMI | Bullish change | 50.9 | 51.3 | ||
Retail Sales (MoM) | Bearish change | 1.3% | -2.7% | ||
Retail Sales (YoY) | Bearish change | 5% | -1.3% | ||
Retail Sales ex-Fuel (MoM) | Bearish change | 1.4% | -2.8% | ||
Retail Sales ex-Fuel (YoY) | Bearish change | 5.2% | -1.3% | ||
GfK Consumer Confidence | Bullish change | -20 | -18 | ||
BoE MPC Vote Rate Cut | Bullish change | 7 | 3 | ||
BoE MPC Vote Rate Hike | (no change) | 0 | 0 | ||
Consumer Price Index (MoM) | Bearish change | 1.2% | 0.2% | ||
Consumer Price Index (YoY) | Bearish change | 3.5% | 3.4% | ||
Core Consumer Price Index (YoY) | Bearish change | 3.8% | 3.5% | ||
Retail Price Index (MoM) | Bearish change | 1.7% | 0.2% | ||
Retail Price Index (YoY) | Bearish change | 4.5% | 4.3% | ||
Consumer Inflation Expectations | Bearish change | 3.4% | 3.2% | ||
Gross Domestic Product (MoM) | Bearish change | 0.2% | -0.3% | ||
Industrial Production (MoM) | Bullish change | -0.7% | -0.6% | ||
Manufacturing Production (MoM) | Bearish change | -0.8% | -0.9% |