As the most important growth figure for a nation, GDP is tracked on a nation by nation basis. The next GDP announcement for the UK is set to take place next Friday August 24th at 4:30am New York time. As with any news event, numbers released outside of the predicted values can bring volatility and increase the likely hood of a breakout. This month GBP GDP (YoY) is expected to be released at -.6%. Expectations are already set for negative growth; any further decline could cause a severe reaction on the British Pound.
The Gross Domestic Product growth rate of the UK is one of many highly anticipated events on this week’s economic calendar. GDP growth looks specifically at changes in growth patterns of an economy. FULL Story
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