Wypróbuj demo Otwórz konto
Handel
CFD
Binarne
Krypto
Bankowość
B2B
Rynki
O nas
Wypróbuj demo Otwórz konto

UK GDP causes GBP move

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


On a month-on-month basis the United Kingdom gross domestic product has increased by 0.5%, instead of the market consensus forecast of 0.4%. The higher than forecast GDP revealed that the Bank of England has room for interest rate hikes. Due to that reason, the Pound surged against peer currencies. The GBP/USD surged nearly 34 base points or 0.27%.

Back to articles

Actual Topics

13 Dec 2022

US inflation boosts stock market

The US monthly Consumer Price Inflation has increased by 0.1% instead of the forecast 0.3%. Year-on-year inflation is at 7.1%, compared to forecast 7.3%. Meanwhile, core CPI month-on-month is at 0.2% instead of 0.3%. The markets reacted to the news with an immediate spike up, as US 500 index hit the 4,140.00 mark.

02 Dec 2022

US Employment creates USD strength

The United States monthly employment data has been revealed to be better than expected. The news have caused a surge of the US Dollar, which can be observed across all of the financial markets. The Average Hourly Earnings beat the forecast of 0.3% by being at 0.6%. The Non-Farm Employment Change revealed that 263,000 new jobs have been created instead

01 Dec 2022

US PCE Price Index causes market moves

The publication of the Core PCE Price Index at 13:30 GMT, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that price had increased on