Wednesday, July 10’s big GBP moving events!
🇬🇧 GBP Manufacturing Production
The Manufacturing Production released by the National Statistics measures the manufacturing output. Manufacturing Production is significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP. A high reading is seen as positive (or bullish) for the GBP, while a low reading is seen as negative (or bearish).
Previous: -0.8%
Expectations:1.3%
Expected impact for the GBP: High
🇬🇧 GBP Industrial Production
The Industrial Production released by the National Statistics measures outputs of the UK factories and mines. Changes in industrial production are widely followed as a major indicator of strength in the manufacturing sector. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as bearish.
Previous: -2.7%
Expectations: 1.5%
Expected impact for the GBP: High
🇬🇧 GBP Gross Domestic Product (GDP)
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
Previous: -0.4%
Expectations: 0.3%
Expected impact for the GBP: High
Figures show that economists expect significant differences in the new figures, therefore the impact on the GBP is anticipated to be significant.
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