GB GDP - Final

Fx News Spike Signals by Crazy Cat, 2019/06/28

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.5
Prior: 0.5
LT1 (Lower Trigger 1): -0.1 [SELL]
UT1 (Upper Trigger 1): +0.1 [BUY]
Safety: 1

If GB GDP (Q/Q) comes out at 0.4 or less ( -0.1 trigger), GBP/USD should go down by about 15 pips. If it comes out at 0.6% or higher (+0.1 trigger), GBP/USD should go up by 15 pips or so.

There are 36 estimates, and 35 economists expect it to come out at 0.5% while one economist expects it to come out at 0.4%. One standard deviation is 0.02%.

This is the final release, and usually, we don't see big surprises for this release.

Due to Brexit uncertainty, trading British reports carries extra risk.

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