UK GDP growth rate highly anticipated Gbp/Usd Ready

As the most important growth figure for a nation, GDP is tracked on a nation by nation basis. The next GDP announcement for the UK is set to take place next Friday August 24th at 4:30am New York time. As with any news event, numbers released outside of the predicted values can bring volatility and increase the likely hood of a breakout. This month GBP GDP (YoY) is expected to be released at -.6%. Expectations are already set for negative growth; any further decline could cause a severe reaction on the British Pound.

 The Gross Domestic Product growth rate of the UK is one of many highly anticipated events on this week’s economic calendar. GDP growth looks specifically at changes in growth patterns of an economy. FULL Story

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Fx Insight Trade of the Day Gbp/Usd June 15th

Today June15th, Chief Trader Alvaro Mendez takes a buy position on the GBP/USD pair. Chief Al waits patiently for the GBP/USD to break out as he instructed to all traders in the room and online community ROOM. Chief Trader uses the 1 minute Power Trade setup to plan and enter his buy position. Since it was a Friday Alvaro was very strategic on his stop-loss. FIVE minutes into the trade Al collected +15 PIPS! As the morning continued and all traders followed on this very strong gbp/usd and as the session continued Chief Traders and all traders in office and online room moved to collect over 140+ (avg) on gbp/usd as the pair really made some nice moves against the dollar.

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