UK Monthly GDP
GDP (MoM) (UK)
Slowing Economy Ahead of a Hard Brexit
Starts Saturday, January 19, 2019 at 16:23
Updated Friday, January 11, 2019
Economic growth has been softening in the UK, especially in Q2 of last year. This GDP report will be for November and it is expected to come at 0.1%, the same as the report for October. We saw the GDP fall flat in August and September, but it ticked a point higher in October. The economic data for November from UK has been pretty weak as well so we might get disappointed again. 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.K. 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.