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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
More View more
Real Time News
  • 🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR), Actual: 2.3% Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Change (000's) (MAR), Actual: 1k Expected: 25.0k Previous: -8.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR), Actual: 5% Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • 🇪🇺 EUR German Unemployment Change (000's) (MAR), Actual: 1K Expected: 25.0k Previous: -10.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 95.72%, while traders in US 500 are at opposite extremes with 71.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/fRKIEW9Qe9
  • Heads Up:🇪🇺 EUR German Unemployment Claims Rate s.a. (MAR) due at 07:55 GMT (15min), Actual: N/A Expected: 5.1% Previous: 5.0% https://www.dailyfx.com/economic-calendar#2020-03-31
  • Heads Up:🇪🇺 EUR German Unemployment Change (000's) (MAR) due at 07:55 GMT (15min), Actual: N/A Expected: 25.0k Previous: -10.0k https://www.dailyfx.com/economic-calendar#2020-03-31
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 4.54% Silver: 0.77% Gold: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/3CdfglYP4g
  • #Bitcoin prices may see a pickup in volatility ahead of the 2020 halving as the #coronavirus pandemic threatens to disrupt cross-continental $BTC mining operations. Get your market update from @ZabelinDimitri here: https://t.co/BoH24MVf4P https://t.co/yuEA4wdlS9
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.06% 🇳🇿NZD: -0.05% 🇨🇦CAD: -0.17% 🇨🇭CHF: -0.48% 🇯🇵JPY: -0.61% 🇬🇧GBP: -0.87% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/hOyPH71ZfE
UK GDP Confirms a Marginal Slowdown, British Pound Slides Lower

UK GDP Confirms a Marginal Slowdown, British Pound Slides Lower

2014-03-28 10:12:00
David Maycotte,
Share:

Talking Points:

  • Final Revision of Fourth Quarter UK GDP In-Line with Flash Estimates
  • British Pound Falls vs US Dollar Following Data Release
  • U.K GDP Has Limited Implications on BOE Monetary Policy

The final revision of fourth-quarter UK GDP data came in as expected matching earlier estimates showing output grew 0.7 percent, and confirming a slowdown from the 0.8 percent increase recorded in the three months through September. The British Pound traded lower against the US Dollar following the data release. Daily FX Market Analyst David DeFerranti maintains a bullish outlook and sees near-term support at 1.6455 with resistance at 1.6600.

DailyFX Strategist Ilya Spivak sees limited follow through as the release is unlikely to yield a significant response considering its limited implications for the near-term direction of BOE Monetary Policy. Strong UK retail sales on Thursday lifted the sterling higher, and market rates show investors are pricing in the first MPC hike around March 2015.

UK-GDP-Confirms-a-Marginal-Slowdown-British-Pound-Slides-Lower_body_Picture_1.png, UK GDP Confirms a Marginal Slowdown, British Pound Slides Lower

GBP/USD 1-minute – using FXCM Marketscope 2.0.

Get Real-Time Feedback on Your Trades withDailyFX on Demand

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to instructor@dailyfx.com.

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

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

DISCLOSURES

News & Analysis at your fingertips.