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 – 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.
Tags: GBP/USD, News Trading, UK GDP
By fxvnpro
