UK Preliminary GDP, published each quarter, is the first of three GDP releases. GDP measures production and growth of the economy, and is considered by analysts one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. British Preliminary GDP is a key economic indicator, and provides an excellent indication of the health and direction of the British economy. The markets are forecasting forex gbp usd uk weaker Q3, forex gbp usd uk the Preliminary GDP estimate standing at 0.
With the British government signaling it is preparing to invoke Article 50 and formally leave the EU, Brexit jitters will likely worsen, despite decent UK numbers. So, monetary divergence continues to favor the US dollar. Kenny Fisher - Senior Writer. A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.
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Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should forex gbp usd uk taken as general market commentary.
This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. EUR: ECB Nudging Towards A Policy Shift In September — SEB. US data does not bode well for US GDP; Political worries weigh. ECB leaves policy unchanged — on to the Draghi show.
Pound peeks at higher levels, peaks for now. ECB Preview: seeing the glass half full? Tips for Forex Traders. Oil put options prices jewelry 26, GMT. Dec 15, GMT. Published on Thursday at GMT. Technical levels, from top to bottom: 1. Above expectations : 0. Below expectations : Get the 5 most predictable currency pairs Previous Article AUDUSD, EURUSD and EURAUD TA — October 26 Next Article Technical levels for major and crosses closing October [Video].
Apr 27, 0. Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.
British Pound - Trapped Traders® Daily Analysis - Selling GBP/USD
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