Forex Weekly Outlook Dec. 21-25 – Deadlines And GDP Reports On The Menu

  1. UK Final GDP: Tuesday, 7:00. Second-estimate GDP for Q3 is expected to record a strong gain of 15.0%, confirming the initial result. This comes after a sharp decline in Q2 of 19.8%.
  2. Canada GDP: Wednesday, 13:30. Canada releases GDP on a monthly, rather than quarterly basis. Economic growth has been slipping, and GDP slowed in October to 0.8%, down from 1.2% beforehand. We now await the November data.
  3. US GDP: Tuesday, 13:30. It’s a quiet week in the US, and the third-estimate GDP report isn’t likely to shake up the markets. The forecast of 33.1% is expected to confirm the prior two estimates.
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