January 25, 2013
UK Prelim GDP
Prelim GDP q/q, or better known as the first of the quarterly GDP releases, is going to be the focus for today. This is for the period of the fourth quarter of 2012 (Q4 2012) Here is the forecast:
4:30am (NY Time) UK Prelim GDP q/q Forecast -0.2% Previous 0.9%
DEVIATION: 0.3% (BUY GBP 0.1% / SELL GBP -0.5%)
DEVIATION: 0.3% (BUY GBP 0.1% / SELL GBP -0.5%)
Definition
Prelim GDP q/q from UK, is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measurement of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…
Prelim GDP q/q from UK, is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measurement of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…
Since this is the first release of the 4th quarterly GDP for 2012 (Q4 2012), we´re likely to get a huge reaction if we get a surprise today, as most first releases are what the market looks to. Considering the recent negative trend in the Retail Sales figures, we may get an downside surprise release today.
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