Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The typical/expected impact on GBP pairs is medium.
The consensus forecast for GfK Consumer Confidence is -21. A higher value than forecast tends to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.
The most recent announced value for GfK Consumer Confidence was -20 against a forecast of -22.
Recent economic data has been strongly bearish for GBP. Other recent announcements which may affect the market's interpretation of the next GfK Consumer Confidence result:
Previous | Latest | ||||
---|---|---|---|---|---|
Consumer Inflation Expectations | Bullish change | 3% | 3.4% | ||
Gross Domestic Product (MoM) | Bearish change | 0.4% | -0.1% | ||
Industrial Production (MoM) | Bearish change | 0.5% | -0.9% | ||
Manufacturing Production (MoM) | Bearish change | 0.7% | -1.1% | ||
BRC Like-For-Like Retail Sales (YoY) | Bearish change | 2.5% | 0.9% |
Country: | United Kingdom |
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Currency: | GBP |
Source: | Growth from Knowledge |
Category: | Consumption |
Frequency: | Monthly |