Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
Japanese Yen May Move More than British Pound on UK GDP Data

Japanese Yen May Move More than British Pound on UK GDP Data

What's on this page

TALKING POINTS – UK GDP, BRITISH POUND, JAPANESE YEN, US DOLLAR

  • Fourth-quarter UK GDP data may undershoot baseline forecasts
  • Timid BOE rate hike outlook may undercut British Pound impact
  • Yen, US Dollar may rise as data stokes global slowdown worries

UK GDP data headlines the economic calendar in European trading hours. A slowdown is expected, with output adding 0.3 percent in the fourth quarter after rising 0.6 percent in the prior period. UK data flow has palpably weakened relative to forecasts recently, opening the door for disappointment.

A soft result may have little lasting impact on the British Pound. Markets have understandably priced out a rate change ahead of the March 29 Brexit deadline. The chance of an increase later this year is hovering around 30 percent. That means a weak print has relatively little scope to alter baseline policy bets.

Such an outcome might amplify simmering concerns about a downturn in global economic growth however. That might undermine market-wide risk appetite, boosting the anti-risk Japanese Yen and US Dollar while punishing the sentiment-geared Australian, Canadian and New Zealand Dollars.

What are we trading? See the DailyFX team’s top trade ideas for 2019 and find out!

ASIA PACIFIC TRADING SESSION

No data.

EUROPEAN TRADING SESSION

Europe Trade Economic Calendar

** All times listed in GMT. See the full economic calendar here.

FX TRADING RESOURCES

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To contact Ilya, use the comments section below or @IlyaSpivak on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES