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New data GDP MoM (May)

7/11/2024

actual 0.4, previous 0

The event is the release of the Gross Domestic Product (GDP) Month-over-Month (MoM) data for the UK for the month of May. The actual GDP MoM growth rate reported is 0.4%, which is higher than the previous value of 0%. This indicates that the UK's economy has experienced a positive growth rate in May. The event is considered to have a medium impact on the market, as it provides insights into the current economic performance of the UK. The market had estimated a GDP MoM growth rate of 0.2%, so the actual figure of 0.4% has exceeded expectations, which could potentially lead to market reactions in the GBP currency.

This is not investment advice. Remember to verify the information provided here.

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