GB GDP (Q/Q) - 1st reading

Fx News Spike Signals by Crazy Cat, 2019/11/11

Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
Forecast: 0.4
Prior: -0.2
LT1 (Lower Trigger 1): --- [SELL]
UT1 (Upper Trigger 1): +++ [BUY]
Safety: 1

Due to Brexit uncertain outcome and new coming elections in the UK, this report may or may not work. The market is very concerned about Brexit related issues now so it's very hard to trade any British reports.

Additionally, we will also have GB Industrial Production coming out at the same time. While it's a minor report, still, if conflicting, it may adversely affect the price action.

Based on 37 estimates, median estimate is 0.4% and average estimate is 0.37. The highest estimate is 0.5% (10 votes), then 0.4% (16 estimates), then 0.3% (seven estimates), 0.2% (one vote), 0.1% (two votes), and finally -0.1% (one estimate). One standard deviation is +/- 0.13%.

This is the 1st release out of the two.

Don't compare charts from last month, for example, because this is the first release out of the two versions of GDP, and therefore it can cause bigger spikes.

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