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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 |
|
|
1.2989 -429 pips |
1.3510 -92 pips |
1.34182 | |
| GBPJPY |
|
|
193.6809 -571 pips |
197.7911 +160 pips |
199.392 | |
| EURGBP |
|
|
0.8560 -83 pips |
0.8647 -4 pips |
0.86431 | |
| GBPCAD |
|
|
1.8109 -331 pips |
1.8500 -60 pips |
1.84401 | |
| GBPCHF |
|
|
1.0787 -2 pips |
1.0959 -170 pips |
1.07889 | |
| GBPNZD |
|
|
2.2207 -418 pips |
2.1211 +1414 pips |
2.26252 | |
| GBPAUD |
|
|
2.0223 -449 pips |
2.0872 -200 pips |
2.06717 | |
| GBPNOK |
|
|
13.7787 -480 pips |
13.8435 -168 pips |
13.82669 | |
| GBPSEK |
|
|
12.8783 -1998 pips |
13.1828 -1047 pips |
13.07810 | |
| GBPSGD |
|
|
1.7249 -0 pips |
1.7379 -130 pips |
1.72492 |
News (GBP)
UK Unemployment Rate Rises; Wage Growth Slows
The U.K. jobless rate rose unexpectedly to a near four-year high and wage growth softened in the three months to May, suggesting that the labor market is cooling. Data from the Office for National Statistics showed that the unemployment rate edged up to 4.7 percent in the three months to May, marking the highest rate since June 2021. The rate was forecast to remain unchanged at 4.6 percent.
RTTNews | 7h 56min ago
UK Inflation Unexpectedly Accelerates To Strongest Since Early 2024
UK consumer price inflation accelerated unexpectedly in June to the strongest level since January 2024 largely due to higher transport and food costs but the Bank of England is expected to loosen its policy further, given mounting concerns over economic conditions. The consumer price index advanced 3.6 percent year-on-year in June, faster than the 3.4 percent rise in May.
RTTNews | 1 day ago
UK Economy Contracts For Second Straight Month
The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 6 days ago
