The Office for National Statistics released UK GDP data that came out lower than expected of 0.0%, compare to forecasted 0.1%. In addition, the Manufacturing Production together with the Preliminary GDP data release came out on Friday at 09:30 GMT.
Rob Kent-Smith, head of national accounts at the ONS, said: "The economy saw a strong summer, although longer-term economic growth remained subdued. There are some signs of weakness in September, with slowing retail sales and a fallback in domestic car purchases."
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| Historical Data Table: GDP m/m | Economic Calendar for 13.11.2018 | ||||||||
| Date | 10.07.2018 | 10.08.2018 | 10.09.2018 | 10.10.2018 | 09.11.2018 | 9:30 AM | UK Average Earnings Index 3m/y | ||
| Actual | 0.30% | 0.10% | 0.30% | 0.00% | 0.00% | 9:30 AM | UK Unemployment Rate | ||
| Forecast | 0.00% | 0.20% | 0.20% | 0.10% | 0.10% | 23:50 PM | JPY Prelim GDP q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.3007 | 1.30135 | 0.05% | GBP/USD | 56.51% | 43.49% | |||
| EUR/GBP | 0.87129 | 0.87105 | -0.03% | EUR/GBP | 37.27% | 62.73% | |||
| GBP/CAD | 1.71517 | 1.71659 | 0.08% | GBP/CAD | 56.24% | 43.76% | |||
| GBP/JPY | 148.073 | 148.148 | 0.05% | GBP/JPY | 43.09% | 56.91% | |||