The British Pound depreciated against the US Dollar, following the UK GDP data release on Friday at 08:30 GMT. The GBP/USD exchange currency rate lost 17 pips or 0.13% right after the release. The British Pound continued trading at the 1.3014 level against the Greenback.
Office for National Statistics released the UK GDP data, which came out worse-than-expected of negative 0.1% compared with forecast 0.0%. Note, that the UK Manufacturing Production data was released at the same time.
Despite the monthly GDP data release, which came out worse-than-expected, the UK economy is robust, as the Manufacturing Production jumped to 0.9%, and the quarterly GDP increased to 0.5%.
| Date | 11.01.19 | 11.02.19 | 12.03.19 | 10.04.19 | 10.05.19 |
|---|---|---|---|---|---|
| Actual | 0.2% | -0.4% | 0.5% | 0.2% | -0.1% |
| Forecast | 0.1% | 0.0% | 0.2% | 0.2% | 0.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.86299 | 0.86303 | 0.00% |
| GBP/CAD | 1.75105 | 1.75022 | -0.05% |
| GBP/JPY | 142.91500 | 142.866 | -0.03% |
| GBP/USD | 1.30111 | 1.30058 | -0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 28.0% | 72.1% |
| GBP/CAD | 37.5% | 62.5% |
| GBP/JPY | 61.2% | 38.8% |
| GBP/USD | 51.9% | 48.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Average Earnings Index 3m/y | 3.5% | 3.5% |
| 8:30 | GBP | Unemployment Rate | 3.9% | 3.9% |
| 9:00 | EUR | German ZEW Economic Sentiment | 5 | 3.1 |