Gross Domestic Product. UK, 08:00 (GMT+2) 12 May

12May.202207:00

Gross Domestic Product. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), Q1 data on the UK's gross domestic product, the main indicator reflecting the state of the national economy, will be released. It considers domestic consumption, investment, government spending, and exports. It is expected that the figure will remain at falling from 1.3% to 1.0% QoQ and increase from 6.6% to 9.0% YoY.

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11 May. 2022 15:30

EIA Crude Oil Inventories. USA, 16:30 (GMT+2)

At 16:30 (GMT+2), the Energy Information Administration of the US Department of Energy (EIA) will publish a weekly report containing data on changes in the volumes of crude oil and gasoline, and distillates. The increase in reserves, as a rule, leads to pressure on oil prices. The indicator is expected to decrease from the current 1.302M barrels to –0.829M barrels, which may support oil quotes.

12 May. 2022 07:00

Trade balance. UK, 08:00 (GMT+2)

At 08:00 (GMT+2), the data on the trade balance for March in the United Kingdom will be published. This indicator reflects the difference between the amount of payments for exported and imported goods. The trade deficit is expected to remain but will correct from –20.59B to –18.50B pounds, which could support the national currency.

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