Filed Under:  News Trading

ReviewBrokers – News Trading 04:30 AM March 11, 2020 ( NY Time ) UK GDP

11th March 2020   ·   0 Comments

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health.

A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP.
UK GDP
UK GDP   –    04:30 AM NY time   (Wednesday, March 11)

Traded pair                 Previous   Forecast     Deviation
GBP/USD                     0.3 (%)           0.2 (%)                  ±0.2 (%)

Buy      GBP/USD      if actual figure is or is below   0.4  (%)
Sell       GBP/USD     if actual figure is or is above   0.0(%)

Expected move during first 20  minutes after the release is 50  pips or more.

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