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  • GDP monthly estimate, UK : May 2022

    From ons.gov.uk

    Gross domestic product (GDP) grew by 0.5% in May 2022, after a decline of 0.2% in April 2022 (revised up from a 0.3% fall); UK GDP increased by 0.4% in the three months to May 2022, and by 3.5% in the 12 months to May 2022. Services output grew by 0.4% in May 2022 as human health and social work activities grew by 2.1%, mainly because of a large rise in GP appointments, which offset the continued scaling down of the NHS Test and Trace and COVID-19 Vaccination Programmes. Output in consumer-facing services fell by 0.1% in May 2022, driven by a 0.5% fall in retail trade, and non-consumer facing services grew by 0.5% in ... (full story)

Great news for GBP. Banks making retar*ed moves of course, but this will definitely wake the bulls up.
Hawkish GBP... GDP increases, all data also good. GBP/JPy may rise to resistance level 168.700.
In Newyork season, GBP turns to hawkish mode. Now all are observing that data.
Japan intervention spooks the market
Quoting Ftmofx
In Newyork season, GBP turns to hawkish mode. Now all are observing that data.
Definitely. If they decide not to price in the news now, then after NYO we will inevitably see strong buy until NYC.
Quoting Bakker
Japan intervention spooks the market
What intervention?
Yet another booming economy despite all the odds against it
Nobody cares about fundamentals. better to look at the Technical chart. USD is still strong and all the eyes are on today's CPI. The trend is supporting the USD and the USD will remain strong till the war will stop.
Quoting Ftmofx
In Newyork season, GBP turns to hawkish mode. Now all are observing that data.
'well well , going down instead of up....
Quoting vanupips
{quote} 'well well , going down instead of up....
Now we are in the London season, Brother
"One swallow does not a summer make". Whilst it may be a surprising figure, it doesn't necessarily make for a foundational assumption change. One event is a happenstance, 2 a coincidence and three a trend. We'll have to wait for all the other monthly round of GDP's to come out to know if even this one freakish guesstimate has any significance at all really, particularly the figures from the USA and EU. In a FIAT world, it's all about relativity.
Quoting TheWolf
Great news for GBP. Banks making retar*ed moves of course, but this will definitely wake the bulls up.
Everything doesnt make sense
Quoting iefx
{quote} Everything doesnt make sense
yes crazy moves
Quoting iefx
{quote} Everything doesnt make sense
GBP fundamentally, GDP with key elements are improved nicely. Why do you think that?
Quoting Ftmofx
{quote} GBP fundamentally, GDP with key elements are improved nicely. Why do you think that?
I mean the movement doesnt make sense at all. The pound should be appreciated with that good data
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The majority of the surprise came from medical spending due to NHS delays. That is a bad sign
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    Index of Services, UK: May 2022

    From ons.gov.uk|Jul 13, 2022

    Monthly services output rose by 0.4% between April and May 2022, reaching a level that was 1.9% above February 2020, which was the last month of "normal" trading conditions prior ...

    Index of Production, UK: May 2022

    From ons.gov.uk|Jul 13, 2022

    Monthly production output rose by 0.9% between April and May 2022, reaching a level that was 0.5% below February 2020; this was the last month of "normal" trading conditions ...

    UK trade: May 2022

    From ons.gov.uk|Jul 13, 2022

    Total imports of goods, excluding precious metals, increased by £2.2 billion (4.2%) in May 2022, primarily because of a £1.4 billion (5.2%) rise in imports from EU countries. ...

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  • Posted: Jul 13, 2022 2:03am
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     Newsstand
    Category: High Impact Breaking News
    Comments: 16  /  Views: 3,030
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