The Office for National Statistics released UK GDP data that came out lower-than-expected of negative 0.4% compare to forecasted 0.0%. Note, that the Manufacturing Production was released at the same time with the GDP.
"If there's a silver lining from the mounting signs that the uncertainty caused by Brexit is holding back GDP growth, it's that the economy could enjoy a decent rebound if a Brexit deal is agreed," Capital Economics' Chief UK Economist, Paul Dales, wrote in a research note published on Monday.
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| Historical Data Table: GDP m/m | Economic Calendar for 13.02.2019 | ||||||||
| Date | 10.10.2018 | 09.11.2018 | 10.12.2018 | 11.01.2019 | 11.02.2019 | 9:30 AM | UK CPI y/y | ||
| Actual | 0.00% | 0.00% | 0.10% | 0.20% | -0.40% | 13:30 PM | US CPI m/m | ||
| Forecast | 0.10% | 0.10% | 0.10% | 0.10% | 0.00% | 19:10 PM | NZD RBNZ Gov Orr Speaks |
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| Initial Reaction on Main Pairs | Open Position Proportions on 12.02.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.29187 | 1.29051 | -0.11% | GBP/USD | 48.16% | 51.84% | |||
| EUR/GBP | 0.87582 | 0.87662 | 0.09% | EUR/GBP | 67.18% | 32.82% | |||
| GBP/CAD | 1.71504 | 1.71337 | -0.10% | GBP/CAD | 42.54% | 57.46% | |||
| GBP/JPY | 142.401 | 142.233 | -0.12% | GBP/JPY | 41.26% | 58.74% | |||