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GBP/USD chart - Trading View
| Time (GMT) | Event | Actuals | Forecast | Previous |
| 0600 | UK Gross Domestic Product (QoQ)(Q2) PREL | 4.8% | 4.8% | -1.6% |
| 0600 | UK Gross Domestic Product (YoY)(Q2) PREL | 22.2% | 22.1% | -6.1% |
| 0600 | UK Gross Domestic Product (MoM)(Jun) | 1.0% | 0.8% | 0.8% |
| 0600 | UK Manufacturing Production (MoM)(Jun) | 0.2% | 0.4% | -0.1% |
| 0600 | UK Manufacturing Production (YoY)(Jun) | 13.9% | 13.5% | 27.7% |
| 0600 | UK Industrial Production (MoM)(Jun) | 0.7% | 0.3% | 0.8% |
GBP/USD Spot:
GBP/USD was trading in tight range with session high at 1.3875 and low at 1.3860. The major was unchanged after prelim Q2 GDP data prints inline with expectations.
Technical Analysis: Bias Neutral
GMMA: Neutral
Moving Averages: Flat/ Neutral
Oscillators: Neutral
Ichimoku Cloud: Chikou Span - slight upside
Major Support and Resistance Levels:
Support level - 1.3765 (200-DMA), Resistance level - 1.3891 (50-DMA)
About UK Gross Domestic Product (GDP)
Gross Domestic Product (GDP) is a measure of the annualized change in the inflation-adjusted value of all goods and services produced by the UK's economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.
A higher than expected reading should be taken as positive/bullish for the British pound, while a lower than expected reading should be taken as negative/bearish for the British pound.
About UK Manufacturing Production
Manufacturing Production measures the change in the total inflation-adjusted value of output produced by manufacturers. Manufacturing accounts for approximately 80% of overall Industrial Production.
It is significant as a short term indicator of the strength of UK manufacturing activity. A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
About UK Industrial Production
Industrial Production measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. It is a broad indicator of strength in the manufacturing sector.
A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
