GB Industrial Production (M/M)

Fx News Spike Signals by Crazy Cat, 2019/07/10

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 1.5
Prior: -2.7
LT1 (Lower Trigger 1): -2.2 [SELL]
UT1 (Upper Trigger 1): +2.2 [BUY]
Safety: 5

If GB Industrial Production (M/M) comes out at -0.7 or less ( -2.2 trigger), GBP/USD should go down by about 20 pips. If GB Services PMI comes out at 3.7 or higher ( +2.2 trigger), GBP/USD should go up by about 20 pips.

Based on 27 estimates for GB Industrial Production (M/M), median estimate is 1.5% and the average estimate is 1.46%. The highest estimate is +3.1% (one estimate), then 2.5% (two votes), then 2.4% (one estimate), then 2.3% (one estimate), 2.2% (one estimate), 2.1% (one vote), 2.0% (one vote), 1.9% (one estimate), 1.7% (one vote), 1.6% (one vote), 1.5% (six votes), 1.4% (three votes), 1.1% (one vote), 1.0% (one vote), 0.5% (two votes), 0.4% (one vote), -0.5% (one vote) and then finally -1.1% (one vote). One standard deviation is +/- 0.9, up from 0.57% last month.

Due to continued Brexit negotiations, be careful trading anything out of Great Britain as the market is mostly focused on the Brexit outcome.

I recommend to check our news calendar with charts for this report. To do that, please visit our Forex calendar with historical charts. Then find this report on the list, then click on its name to see the recent history of this report, and finally click on the "chart" hyperlinks to see charts.

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