Important Economic Data from the UK this Morning by FX Leaders
UK GDP report first on the agenda

Important Economic Data from the UK this Morning

Posted Friday, January 11, 2019 by
Skerdian Meta • 1 min read

Brexit is in the final stages and the UK will either end up with no deal, crashing out of the EU or perhaps hold new general elections and then take it from there. Because, I don’t think that Theresa May will get any legal assurances from the EU regarding the Irish border backstop and I think that the British Parliament will reject her deal early next week.

But, we have a last round of economic data coming out before the big day. The GDP report will be released at 09:30 GMT and we have seen some really weak figures recently with the economy falling flat for a couple of months. Today’s GDP number which is for November is expected at 0.1%, although that is really soft.

Manufacturing production declined by a massive 0.9% in October, which is the third decline in four months. Today’s number which again is for November, is expected at 0.4%, but don’t count on it. The trade deficit widened by more than 2 million GBP and it is expected today to shrink only a little.

Industrial production also declined in October by 0.6%, but it is expected to have increased in November by 0.3%. Construction output also declined that month by 0.2%, so the data in December was pretty bad.
We will cover these reports on our economic calendar, so make sure to check there for live explanation of today’s figures.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Skerdian Meta is our 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

Leave a Reply

avatar
  Subscribe  
Notify of