The Office for National Statistics released UK GDP data that came out better-than-expected of 0.5% compare to forecasted 0.2%. Note, that the Manufacturing Production was released at the same time with the GDP.
Suren Thiru, The Head of Economics at the British Chambers of Commerce, said: "The data for the longer three-month period recorded an economy that was continuing to slow under the weight of uncertainty over Brexit and weakening global trading conditions."
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| Historical Data Table: GDP m/m | Economic Calendar for 13.03.2019 | ||||||||
| Date | 09.11.2018 | 10.12.2018 | 11.01.2019 | 11.02.2019 | 12.03.2019 | Tentative | UKAnnual Budget Release | ||
| Actual | 0.00% | 0.10% | 0.20% | -0.40% | 0.50% | 12:30 PM | US Core Durable Goods Orders m/m | ||
| Forecast | 0.10% | 0.10% | 0.10% | 0.00% | 0.20% | 12:30 PM | US PPI m/m | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 12.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.32216 | 1.32001 | -0.16% | GBP/USD | 41.63% | 58.37% | |||
| EUR/GBP | 0.85316 | 0.85476 | 0.19% | EUR/GBP | 69.90% | 30.10% | |||
| GBP/CAD | 1.77129 | 1.76839 | -0.16% | GBP/CAD | 26.15% | 73.85% | |||
| GBP/JPY | 147.337 | 147.092 | -0.17% | GBP/JPY | 37.08% | 62.92% | |||