UK NIESR Nov GDP estimate now out 8 Dec
- 0.5% prev
Ooops. sorry for original header. I really must take a holiday and get down to Specsavers!
The National Institute of Economic and Social Research (NIESR) gross domestic product (GDP) Estimate measures the change in the estimated value of all goods and services produced by the economy during the previous three months. The NIESR estimates GDP data on a monthly basis in an effort to predict the quarterly government-released data.
The estimate from UK think-tank NIESR covers 3mth-end Nov period and not a price mover of note. More an indication of what might be. As if we don't have enough of that right now.
Witness GBPUSD falling again and now through 1.3450 support to post 1.3405 in a hurry. I think my early cynicism on the Brexit announcements was justified despite what my critics might think! Sorry to be the party-pooper but I'm here to report what I see and feel.