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Gross Domestic Product. United Kingdom, 08:00 (GMT+2) 30 Jun

30Jun.202607:00

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

At 08:00 (GMT+2), the UK will release gross domestic product (GDP) data for Q1 — the primary indicator reflecting the state of the national economy, encompassing domestic consumption, investment, government spending, and exports. If the indicator rises from 1.1% YoY and from 0.6% QoQ, this will provide support for the British pound.

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At 07:00 (GMT+2), Japan will release data on the number of new homes that began construction in the reporting month, a key indicator of the national housing market. A rebound from 11.4% to 32.1% YoY is likely, which may provide support for the yen.

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At 08:00 (GMT+2), Germany will release its May retail sales data, which tracks the monthly volume of all goods sold across a sample of stores of different types and sizes — an important indicator of consumer spending that has a significant impact on gross domestic product (GDP). On a MoM and YoY basis, it is likely to increase from –0.3% to 0.0%, providing support for the euro.

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