Can the economic data from the UK affect the Pound nowadays?

At last we will see some economic data from the British Isles other then hearing about Brexit all day long. In a while the UK current account numbers are about to be released which are expected at a 27.3 Billion deficit and at the same time we will have the final GDP numbers as well.

The GDP numbers are more important and they are expected to be the same as the last estimate at 0.4% for the first quarter. Then, in the afternoon the Bank of England (BOE) chairman Carney will be live in a press conference where he will talk about guess what, Brexit of course and its implications. Will these events affect the Pound? I very much doubt it unless Carney drops a shell bomb. We’ll still be here with you anyway just in case there are any surprises. 

ABOUT THE AUTHOR See More

Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

Related Articles

Comments

0 0 votes

Article Rating

Subscribe

Login

Notify of

new follow-up commentsnew replies to my comments

Please login to comment

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments