07:00 AM BST, United Kingdom - GDP data:
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GDP (Q3): actual 1.3% YoY; forecast 1.3% YoY; previous 1.4% YoY;
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GDP (Q3): actual 0.1% QoQ; forecast 0.2% QoQ; previous 0.3% QoQ;
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GDP: actual -0.1% MoM; forecast 0.0% MoM; previous 0.0% MoM;
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GDP: actual 1.1% YoY; forecast 1.4% YoY; previous 1.2% YoY;
07:00 AM BST, United Kingdom - Industrial Production for September:
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Industrial Production: actual -2.0% MoM; forecast -0.5% MoM; previous 0.3% MoM;
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Industrial Production: actual -2.5% YoY; forecast -1.2% YoY; previous -0.5% YoY;
07:00 AM BST, United Kingdom - Manufacturing Production for September:
- actual -1.7% MoM; forecast -0.7% MoM; previous 0.6% MoM;
07:00 AM BST, United Kingdom - GDP data for September:
- Monthly GDP 3M/3M Change: actual 0.1%; forecast 0.2%; previous 0.2%;
07:00 AM BST, United Kingdom - Manufacturing Production for September:
- actual -2.2% YoY; forecast -0.8% YoY; previous -0.7% YoY;
GBP lost ground against USD after slightly lower GDP data. Weaker than expected economy may increase bets on further quick rate cuts in BoE.
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
US100 loses 1.5% 📉
🚨Gold slumps 3% amid markets preparing for Chinese Lunar Year pause
Cocoa falls 2.5% to the lowest level since October 2023 📉