UK monthly gross domestic product (GDP) indexDeltafx 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.