Challenges
Gross Domestic Product (QoQ)
Next event - Friday 29 September 2023 06:00
The typical/expected impact on GBP pairs is high.
The consensus forecast for Gross Domestic Product (QoQ) is 0.2%. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Most recent - Friday 11 August 2023 06:00
Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
Trading range
Forecast history
The most recent announced value for Gross Domestic Product (QoQ) was 0.2% against a forecast of 0%.
Past events
Economic context
Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| S&P Global/CIPS Composite PMI | Bearish change | 48.6 | 46.8 | ||
| S&P Global/CIPS Manufacturing PMI | Bullish change | 43 | 44.2 | ||
| S&P Global/CIPS Services PMI | Bearish change | 49.5 | 47.2 | ||
| Retail Sales (MoM) | Bullish change | -1.1% | 0.4% | ||
| Retail Sales (YoY) | Bullish change | -3.1% | -1.4% | ||
| Retail Sales ex-Fuel (MoM) | Bullish change | -1.4% | 0.6% | ||
| Retail Sales ex-Fuel (YoY) | Bullish change | -3.3% | -1.4% | ||
| GfK Consumer Confidence | Bullish change | -25 | -21 | ||
| BoE MPC Vote Rate Cut | (no change) | 0 | 0 | ||
| BoE MPC Vote Rate Hike | Bearish change | 8 | 4 | ||
| Consumer Price Index (MoM) | Bullish change | -0.4% | 0.3% | ||
| Consumer Price Index (YoY) | Bearish change | 6.8% | 6.7% | ||
| Core Consumer Price Index (YoY) | Bearish change | 6.9% | 6.2% | ||
| PPI Core Output (MoM) n.s.a | Bearish change | 0.1% | -0.1% | ||
| PPI Core Output (YoY) n.s.a | Bearish change | 2.2% | 1.6% | ||
| Producer Price Index - Output (MoM) n.s.a | (no change) | 0.2% | 0.2% | ||
| Producer Price Index - Output (YoY) n.s.a | Bullish change | -0.7% | -0.4% | ||
| Retail Price Index (MoM) | Bullish change | -0.6% | 0.6% | ||
| Retail Price Index (YoY) | Bullish change | 9% | 9.1% | ||
| Consumer Inflation Expectations | Bullish change | 3.5% | 3.6% |