UK GDP causes volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The monthly UK GDP data has surprised the markets by revealing that the UK economy has shrunk. Namely, the GDP has decreased by 0.1% instead of growing by 0.2%.

The GBP declined after the news. However, the decline ended after three hours and losses were recovered by midday.

The main reason for the recovery is the fact that the Bank of England already expected bad economic news and had cut interest rates to stimulate the economy during the prior month, which indicates that this negative data set will not turn into a recession.
Back to articles

Actual Topics

Fri, 15 Nov 2024 16:31:12 GMT

US Retail Sale revision strengthens USD

The most recent publication of US Retail Sales data has caused a surge of the US Dollar. In general, the current data was mixed, but the revision of previous data caused the surge. Monthly retail sales volume was expected to increase 0.3%, but actual increase is 0.4%. However, this increase was offset by the fact that the Core Retail

Thu, 14 Nov 2024 13:45:53 GMT

US Producer Prices increase

It was reported yesterday: "The US Dollar strengthened on Wednesday due to the US Consumer Price Index increasing from 2.4% up to 2.6% on an annual basis. This dataset indicates that the US Federal Reserve might have cut interest rates by too much and too early in September." On Thursday, the publication of the US Producer Price Index showed

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.