- Will the Bank of England’s (BoE) Inflation Report (May 13) Highlight a Slower Recovery? Trading the News: U.K. Gross Domestic Product (GDP) The U.K.’s 1Q Gross Domestic Product (GDP) report may dampen the appeal of the British Pound and undermine the near-term rebound in GBP/USD as the growth rate is expected to increase an annualized 2.6% after expanding 3.0% during the last three-months of 2014. What’s Expected: ...