8:02 AM · 13 December 2023

BREAKING: GBP drops after UK GDP miss

UK GDP report as well as industrial production data for October was released today at 7:00 am GMT. Data was expected to show a small, monthly GDP contraction. However, actual report turned out to be much worse than expected, with monthly GDP dropping, quarterly GDP coming in flat and annual GDP growth being slower-than-expected. 

  • GDP (monthly): -0.3% MoM vs -0.1% MoM expected (+0.2% MoM previously)
  • GDP (quarterly): 0.0% QoQ vs 0.1% QoQ expected (0.0% QoQ previously)
  • GDP (annually): 0.3% YoY vs 0.5% YoY expected (1.3% YoY previously)
  • Industrial production: -0.8% MoM vs -0.2% MoM expected (0.0% MoM previously)
  • Manufacturing production: -1.1% MoM vs -0.1% MoM expected (0.1% MoM previously)

As UK data for October missed expectations across the board, it should not come as a surprise the GBP took a hit. GBPUSD plunged around 0.3% in a knee-jerk move.

Source: xStation5
1 October 2026, 6:46 AM

Economic Calendar - Global series of manufacturing PMI indicators and a marathon of central bankers' speeches

1 October 2026, 6:26 AM

Morning Wrap: Tech Rally in Asia Following Micron Results and Weakening Yen Despite Hawkish BoJ

30 September 2026, 3:43 PM

BREAKING: Drop in distillate stocks encourages oil to rebound

30 September 2026, 1:19 PM

German inflation comes in above forecasts 📈 EURUSD jumps slightly

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits