UK monthly gross domestic product (GDP) index

Deltafx Admin 13 February 2023

Gross domestic product (GDP) measures annual changes in the inflation-adjusted value of goods and services produced by the economy. This index is the broadest measure of economic activity and the primary indicator of economic health.

Publishing a higher than expected figure should be considered positive/bullish for the pound, while reporting a lower than expected figure should be considered negative/bearish for the pound.

The UK’s monthly GDP index was released at 7:00 AM on February 10th at -0.5%, compared to expectations for -0.3%. At the same time, it should be noted that the figure of the last period of this index was 0.1%.

Following the publication of the figures of this index, we saw changes in the strength of the pound in the markets.

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