When are the UK data releases and how could they affect GBP/USD? By anilpanchal7 UnitedKingdom Macroeconomics GDP GBPUSD Events
traders during the early hours of Friday, at 07:00 GMT with January 2022 GDP figures. Also increasing the importance of that time are Trade Balance and Industrial Production details for the stated period.
Considering the yearly figures, the Industrial Production for January is expected to have rallied to 1.9% versus 0.4% previous while the Manufacturing Production is also anticipated to have rose to 3.1% in the reported month versus 1.3% the last. Ahead of the event, Westpac said, “Volatility in the trade balance will likely be present in January as the UK continues to navigate COVID-19 andTechnically, GBP/USD bears remain hopeful until the quote stays decisively above December 2021 low surrounding 1.3160.About the UK Economic Data
The trade balance released by the Office for National Statistics is a balance between exports and imports of goods. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the GBP.
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