United Kingdom GDP 3-Month Avg
The Gross Domestic Product (GDP) measures the value of goods and services generated in the United Kingdom. It is based on three-month growth rates, which are a better estimate of underlying GDP growth than monthly figures, which are more volatile than three-month growth rates. To put it another way, the monthly release can be considered as a monthly update on three months worth of data on the economy, rather than a figure that represents the economy for a certain month. It is possible to construct rolling three-month statistics by comparing the growth of one three-month period with that of the previous three-month period, for example, growth in March to May compared with that of the previous three-month period in December to February.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.3161 -395 pips |
1.3529 +27 pips |
1.35560 | |
| GBPJPY |
|
|
195.4168 -477 pips |
198.7129 +148 pips |
200.190 | |
| EURGBP |
|
|
0.8552 -97 pips |
0.8665 -16 pips |
0.86490 | |
| GBPCAD |
|
|
1.8503 -265 pips |
1.8655 +113 pips |
1.87680 | |
| GBPCHF |
|
|
1.0789 -6 pips |
1.1003 -208 pips |
1.07951 | |
| GBPNZD |
|
|
2.2500 -250 pips |
2.2396 +354 pips |
2.27505 | |
| GBPAUD |
|
|
1.9864 -513 pips |
2.0581 -204 pips |
2.03775 | |
| GBPNOK |
|
|
13.3712 +38 pips |
13.4704 -1030 pips |
13.36740 | |
| GBPSEK |
|
|
12.7293 +854 pips |
12.8200 -1761 pips |
12.64390 | |
| GBPSGD |
|
|
1.7316 -70 pips |
1.7379 +7 pips |
1.73860 |
News (GBP)
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 23h 37min ago
UK House Prices Rise For Third Month: Halifax
UK house prices increased for the third straight month to hit the highest on record in August, data from the mortgage lender Halifax showed Friday. House prices grew 0.3 percent in August from a month ago. However, this was slightly weaker than the 0.4 percent increase in July. Prices increased for the third straight month and logged a faster-than- expected rise of 0.2 percent.
RTTNews | 8 days ago
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
RTTNews | 9 days ago
