U.K. Gross Domestic Product (GDP)Deltafx Admin 15 January 2023
The gross domestic product (GDP) index measures annual changes in the inflation-adjusted value of all goods and services produced by the economy. This index is the most comprehensive measure of economic activity and the primary indicator of economic health.
The release of a value that is higher than expected should be considered positive/bullish for the pound, while the release of a value that is lower than expected should be considered negative/bearish for the pound.
The GDP index for the pound was published at 7:00 am on January 13 with a value of 0.1%, while the value for the previous period was 0.5%. After the release of the data related to this indicator, the GBP/USD exchange rate rose to the level of 1.12250 units.