Previous Trading Days Events 13.03.2024

According to the Gross Domestic Product GDP report yesterday, Britains economy returned to growth in January after entering a shallow recession in the second half of 2023.

GDP grew by 0.2 monthonmonth, boosted by a rebound in retailing and housebuilding after a fall of 0.1 in December as expected.

The economy picked up in January with strong growth in retail and wholesaling, Liz McKeown, a director at the Office for National Statistics, said. Construction also performed well with housebuilders having a good month, having been subdued for much of the last year.

With inflation at 4 in January, down from doubledigit rates in much of last year, and forecast to return to its 2 target soon, the squeeze on household spending is easing and the Bank of England BoE is starting to consider when to cut interest rates.

Source httpswww.reuters.comworldukukeconomygrowsby02january20240313

Winners vs Losers

Silver XAGUSD takes the lead as it moved greatly to the upside yesterday marking a 2.27 gain for the week and a 10 gain this month.

News Reports Monitor Previous Trading Day 13 Mar 2024

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Midnight Night Session Asian

No important announcements, no special scheduled releases.

MorningDay Session European and N. American Session

The monthly real gross domestic product GDP for the U.K.  is estimated to have grown by 0.2 in January 2024, following a fall of 0.1 in December 2023. Real…