- Great Britain’s GDP increased by 0.1% m/m in November, which is inconsistent with the forecast.
- GBP/USD retests 1.2200 after UK economic data.
The UK economy has returned to expansion, with gross domestic product (GDP) reaching 0.1% in November after falling 0.1% in October, according to the latest figures published by the Office for National Statistics (ONS) on Thursday. Markets expected an escalate of 0.2% in the reporting period.
Meanwhile, the Services Index (October) was 0% 3M/3M compared to October’s 0.1%.
Other data from the UK showed monthly industrial and manufacturing output fell by 0.4% and 0.3% respectively in November. Both readings surprised the markets down.
Separately, the UK goods trade balance was -£19.311 billion m/m in the same period, compared to expected -£17.9 billion and -£19.327 billion in the previous period.
Market reaction to data from Great Britain
Economic data from Great Britain strengthened the pound sterling again. At press time, GBP/USD is 0.29% lower on the day near 1.2200.
PRICE OF THE British Pound today
The table below shows the current percentage change of the British Pound (GBP) against the major listed currencies. The British pound was at its weakest against the Japanese yen.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.08% | 0.31% | -0.23% | 0.22% | 0.35% | 0.29% | -0.06% | |
| EUR | -0.08% | 0.22% | -0.29% | 0.14% | 0.27% | 0.21% | -0.13% | |
| GBP | -0.31% | -0.22% | -0.53% | -0.08% | 0.05% | -0.02% | -0.35% | |
| JPY | 0.23% | 0.29% | 0.53% | 0.44% | 0.56% | 0.45% | 0.16% | |
| BOOR | -0.22% | -0.14% | 0.08% | -0.44% | 0.14% | 0.06% | -0.27% | |
| AUD | -0.35% | -0.27% | -0.05% | -0.56% | -0.14% | -0.06% | -0.39% | |
| NZD | -0.29% | -0.21% | 0.02% | -0.45% | -0.06% | 0.06% | -0.33% | |
| CHF | 0.06% | 0.13% | 0.35% | -0.16% | 0.27% | 0.39% | 0.33% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select British Pound from the left column and move along the horizontal line to US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
