BREAKING: GBPUSD drops after lower GDP readings📌

07:00 AM BST, United Kingdom - GDP data for April:

GDP: actual 0.9% YoY; previous 1.1% YoY;
GDP: actual -0.3% MoM; forecast -0.1% MoM; previous 0.2% MoM;
Monthly GDP 3M/3M Change: actual 0.7%; forecast 0.7%; previous 0.7%;

07:00 AM BST, United Kingdom - Balance of Tade Data for April:

Trade Balance: actual -23.21B; forecast -20.80B; previous -19.87B;
Trade Balance Non-EU: actual -8.65B; previous -6.83B;

07:00 AM BST, United Kingdom - Manufacturing Production for April:

actual -0.9% MoM; forecast -0.8% MoM; previous -0.8% MoM;
actual 0.4% YoY; forecast 0.4% YoY; previous -0.8% YoY;

07:00 AM BST, United Kingdom - Industrial Production for April:

Industrial Production: actual -0.6% MoM; forecast -0.4% MoM; previous -0.7% MoM;
Industrial Production: actual -0.3% YoY; forecast -0.2% YoY; previous -0.7% YoY;

The British pound weakens following the release of weaker macroeconomic data. The most striking figure is the disappointing April GDP report, showing that the UK economy contracted by 0.3% month-over-month. Industrial production data also came in below expectations.

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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.

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