UK Services and Manufacturing PMIs are announced on Friday at 11:30 MT time.
How will the British GDP growth affect the GBP?
The British monthly GDP growth rate is at 11:30 MT time on December 10.
The British PM Boris Johnson’s expected victory at the coming elections and the nearing Brexit resolution have been solidifying the British pound recently. But how has the British economy been doing? The previous two monthly GDP growth rates were at the negative 0.1% referring to the months of August and September. This time the analysts expect an improvement up to the level of 0.1%. If the October rate outperforms the forecasts on December 10, the British pound will gain strength.
- If the British GDP growth rate outperforms the forecasts, the GBP will rise;
- Otherwise, the GBP will fall.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.