On Friday, the Office for National Statistics (ONS) will release the latest monthly and yearly GDP figures, which will give markets an idea of the change in the total value of all goods and services produced by the UK’s economy. The previous figures fell by 0.5% (monthly) pointing to the first drop in three months. It was also worse than the 0.3% fall markets were expecting.
If tomorrow’s GDP figures are in line with forecasts of no change (0.0%) then this would please markets and could possibly have a positive impact on sterling. Pound-watchers will be on standby for the results.
