New data GDP YoY (May)
7/11/2024
actual 1.4, previous 0.7
The event is the release of the Gross Domestic Product (GDP) Year-over-Year (YoY) data for the UK in May. The actual YoY GDP growth rate reported is 1.4%, which is higher than the previous value of 0.7%. This indicates that the UK's economy has grown at a faster pace compared to the previous period. The market was expecting a YoY GDP growth rate of 1.2%, so the actual figure of 1.4% has exceeded the estimated value. This event is considered to have a high impact on the market, especially for the British Pound (GBP) currency.This is not investment advice. Remember to verify the information provided here.
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