2/12/2021 5:11:05 AM GMT | By Anil Panchal
Friday’s preliminary reading of the fourth-quarter (Q4) UK GDP numbers, up for publishing at 07:00 GMT, gains more importance after the Bank of England’s (BOE) hawkish stint. Market consensus suggests the Office for National Statistics (ONS) print downbeat QoQ figures of 0.5% versus 16% whereas the YoY data may have improved from -8.6% to -8.1%, per the forecasts.
In addition to the quarterly GDP, December’s monthly growth figures will accompany Trade Balance and Industrial Production details for the stated period to keep the GBP/USD traders busy during the early Friday.
Forecasts suggest that the UK GDP will rise to 1.0% MoM in December versus -2.6% prior while the Index of Services (3M/3M) for the same period is seen recovered from +3.7% prior.
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