The Pound reacts to UK GDP

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


At 06:00 GMT the United Kingdom Office for National Statistics released the monthly UK GDP data.

Despite hitting the forecast of 0.2% growth, the publication caused a drop of the Pound's value due to the revision of the prior data from -0.5% to -0.6%.

After the release the GBP/USD increased volatility and initially surged from 1.2315 up to 1.2330, but then the markets spotted the downwards revision. As the information about the negative surprise review has and continued to spread the rate went from 1.2330 down below the 1.2300 mark.

As other USD pairs surge due to the weakness of the US Dollar, it can be concluded that the GBP/USD is dominated by the UK fundamental data.
Back to articles

Actual Topics

Thu, 12 Oct 2023 12:36:53 GMT

US consumer inflation release

The monthly publication of the United States Consumer Price Index has revealed that inflation remains at previous levels, despite the markets expecting a slight decrease. US Dollar index reacted to the news with an immediate spike upwards. However, note that the yesterday's higher than expected Producer Price Index also caused an initial move upwards. After the publication, the USD

Wed, 11 Oct 2023 12:37:06 GMT

United States publish Producer Price Index

The United States Bureau of Labor Statistics has just published the monthly US Producer Price Index and Core Producer Price Index. The data reveals inflation at the manufacturing level. In theory inflation at the producer level is followed by inflation at the consumer level. The PPI was expected to show an increase of 0.3% and the Core PPI was forecast

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
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.