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What is the Gross Domestic Product?
The Gross Domestic Product, or GDP, is a calculation viewed as the main economic measurement of economic activity and the size of the economy. For example, economic growth, economic decline and economic stagnation. The GDP calculation is as follows:
Gross Private Investment + Government Investment + Private consumption + Net Exports
In simple terms, the GDP figures illustrate the finished value of goods and services within the country. This is released either on a monthly or quarterly basis depending on the country.
Why is it important to the currency?
A high and increasing GDP figure is positive for the currency as it indicates a healthy economy and economic growth. A high GDP figure provides investors confidence and increases the chances of higher interest rates.
Why is it important to the US Stocks?
A high and increasing GDP figure is positive for the currency as it indicates a healthy economy and economic growth. A high GDP figure provides investors confidence and increases the chances of companies experiencing higher profits.
➡️ Next event
7. Gross Domestic Product UK.jpg
12.10.23
|
06:00
High Impact
Gross Domestic Product (GDP)
Assets potentially to be affected:
GBP and FTSE100
🗒️ Latest reports
GDP, July 27th
GDP July.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Down
4 hours
Down
24 hours
Down
GDP, June 14th
UK GDP June.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Up
4 hours
Up
24 hours
Up
GDP, May 12th
UK GDP May.PNG
GBPUSD price dynamics
Time
Performance
10 minutes
Up
4 hours
Unchanged
24 hours
Down

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