Today there are no trading signals due to the GDP in US and UK reports.
Britain’s economy grew 0.3 percent in the third quarter of 2019, recovering from a 0.2 percent contraction in the previous three-month period and missing market expectations of a 0.4 percent expansion, a preliminary estimate showed. The service and construction sectors provided positive contributions to GDP growth, while output in the production sector was flat. GDP Growth Rate in the United Kingdom averaged 0.61 percent from 1955 until 2019, reaching an all-time high of 5 percent in the first quarter of 1973 and a record low of -2.70 percent in the first quarter of 1974.
The US economy grew by an annualized 2.1 percent in the third quarter of 2019, compared to an advance estimate of 1.9 percent and following a 2.0 percent expansion in the previous three-month period. Upward revisions to private inventory investment, nonresidential fixed investment, and personal consumption expenditures (PCE) were partially offset by a downward revision to state and local government spending. GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2019, reaching an all-time high of 16.70 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958.