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How will the British GDP growth affect the GBP?
The British monthly GDP growth rate is at 11:30 MT time on December 10.
The British PM Boris Johnson’s expected victory at the coming elections and the nearing Brexit resolution have been solidifying the British pound recently. But how has the British economy been doing? The previous two monthly GDP growth rates were at the negative 0.1% referring to the months of August and September. This time the analysts expect an improvement up to the level of 0.1%. If the October rate outperforms the forecasts on December 10, the British pound will gain strength.
- If the British GDP growth rate outperforms the forecasts, the GBP will rise;
- Otherwise, the GBP will fall.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.