GDP (MoM) (UK)
UK GDP Report for August 10
Starts Saturday, August 18, 2018 at 04:49
Updated Friday, August 10, 2018
The pace of expansion of the UK economy has been slowing in the last several months. Last week, the Bank of England got a nice surprise as the monthly GDP number came to a decimal point higher than expected at 0.3%. This month, the GDP is expected to tick lower to 0.2% on a monthly basis, but the quarterly GDP which is released together is expected to grow by 0.4%. This would be a positive reading for the GBP, considering that the previous quarter was revised higher today. Although, if the monthly GDP disappoints, then it will take some of the shine off the quarterly numbers. Follow us for live coverage of the economic calendar by experienced analysts.Please follow us for live coverage in real time of the event by experienced analysts.
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About GDP (MoM) (UK)
Gross Domestic Product (GDP) measures the total value of a country’s industrial output over a given period. It consists of the aggregate domestic production of goods and services by individuals, businesses, and government. GDP data is available in dollar or index form. U.K. GDP (MoM) is the comparison of growth from one fiscal quarter to the next, represented in a percentage format.GDP (MoM) is a leading indicator of U.S. economic health. High levels of GDP growth are viewed as being positive for U.K. indices as well as the GBP. Low levels of growth are negative to most asset classes and are common to recessionary cycles. The Bank of England (BOE) places a great deal of emphasis on monthly and yearly GDP. Robust growth is often a prelude to monetary tightening, while stagnate levels provide an environment conducive to Quantitative Easing (QE).Traders monitor GDP (MoM) releases closely. Abnormal reports may cause rapid buying or selling of the U.K. indices or GBP. Currency, equities, and commodities markets all exhibit enhanced degrees of volatility surrounding the GDP release.