UK GDP Update 10-21-2010

Sir Pipsalot

Former FPA Special Consultant
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.