UK data pack for March as well as full-Q1 GDP report was released today at 7:00 pm BST. While industrial and manufacturing production data turned out to be better-than-expected, GDP in March grew at a pace of 0.3% YoY - less than 0.4% YoY expected by the market. However, full-Q1 GDP growth reached 0.1% QoQ and matched expectations.
GBP moved lower following the release with March GDP data miss weighting on the currency. GBPUSD dropped to around 1.2510 following the release and another attempt at breaking below 1.25 mark cannot be ruled out.
UK data pack for March
- Industrial production: -2.0% YoY vs -2.9% YoY expected (-3.1% YoY previously)
- Manufacturing production: -1.3% YoY vs -2.5% YoY expected (-2.4% YoY previously)
- GDP: 0.3% YoY vs 0.4% YoY expected (0.5% YoY previously)
- Full-Q1 GDP growth: 0.1% QoQ vs 0.1% QoQ expected (0.1% QoQ previously)
Source: xStation5
ECB Minutes: Peak Impact of Euro Strength on Inflation Yet to Come 🇪🇺
Economic calendar: Central banks vs global risks to inflation (05.03.2026)
Strong Service ISM Reading as activity expanded most since 2022
BREAKING: Stronger than expected ADP fails to support the dollar 🇺🇸
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
