UK GDP Estimate YoY: 1.2% vs 1.4% exp. and 0.7% previously (0% MoM vs 0.2% exp. and 0% previously)
- UK GDP 3M/3M: 0.5% vs 0.6% exp. and 0.6% previously
- UK Manufacturing production MoM: -1% vs 0.2% exp. and 1.1% previously (-1.3% YoY vs -1.5% previously)
- UK Industrial production YoY: -1.2% vs -0.1% exp. and 1.1% previously
- UK Industrial production MoM: -0.8% vs 0.3% exp. and -0.8% previously
- UK Construction Output MoM: -0.4% vs 0.5% exp. and 0.5% previously
- UK Services MoM: 0.1% vs 0.2% exp. and -0.1% previously
Weaker than expected UK economy data unexpectedly pressured GBPUSD pair, which now trims previous gains. Weak momentum is clearly seen in manufacturing / industrial data, while growth in services slightly eases.
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices
Economic calendar: US jobless claims and Fed members speeches in focus
Economic calendar: Oil inventories and US trade balance in focus 🔎
