The Gloomy UK GDP Result

The Gloomy UK GDP Result


Good morning, dear traders! Are you ready for a new trading day? Let’s see what news can shake the market today. 

Today’s key events

15:30 GMT+2, CAD GDP

US Core PCE Price Index

British GDP results outlook

The UK economy contracted more than expected in the third quarter, indicating that the country has slipped into a recession likely to last until 2024. The Office for National Statistics reported that gross domestic product fell 0.3% in the three months to September, more than the previously forecast 0.2% fall.

The GBPUSD has declined after almost two months of growth. The price came closer to the 1.2040 support level. 50- and 100-period MAs are ready to make a dead cross, which is a bearish sign. If the price gains the bullish power, the price might return to the previous resistance levels – 1.2290 and 1.2400. In case of a further decrease, the price might drop to 1.1900.


Other important news:

  • Former FTX CEO Gary Wang and Alameda head of research Caroline Ellison have pleaded guilty to criminal charges. They are cooperating with the US Attorney's Office investigating the collapse of the crypto platform.
  • Apple plans to transfer the production of MacBook from China to Vietnam partially.
  • Wall Street's forecast for the S&P 500 in 2022 outperformed the index's current value by almost 40%, the biggest deviation since 2008. S&P 500 is 3886.
  • The yen resumed growth after a slight fall. It has grown the most since 1998. The USDJPY is 131.94.
  • FedEx Inc. profit and Nike Inc. provided a respite for US stocks, which suffered after the Fed's hawkish reversal last week. Risk appetite was also supported by US consumer confidence rising more than predictably to its highest level since April as inflation eased.
  • Despite all Elon Musk's Twitter distractions, Tesla is ranked fourth on the 2022 S&P 500's worst stocks list by depreciation in market value.

Have a great day!


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera