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UK GDP Update 10-21-2010

Discussion in 'Commercial Trade Journals' started by Sir Pipsalot, Oct 26, 2010.

  1. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

    Dec 11, 2007
    Likes Received:
    Hey guys, just a quick news update for UK GDP:

    0430 UK Prelim GDP q/q (0.4% expected) - This one is the Preliminary number which is the most tradable of the 3 releases. I'd expect 40-50 pips fairly quickly, and a good potential for even further reaction over the following 30-90 minutes.

    If it comes out at 0.6% or higher, GBP/USD should rally 40-50 pips.

    If it comes out at 0.2% or lower, GBP/USD should fall 40-50 pips.

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