The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
Another chance to trade GBP/USD
The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10. The GBP is going to trade lively versus the USD, the EUR, and other currencies. The last time this indicator came out on September 10. That time it turned out that British economic growth had accelerated more than expected (GDP rose by 0.3% in July versus the forecast of 0.2% increase). GBP/USD made a big leap up on the news. This time traders may get another exciting opportunity to profit on trading the GBP.
• If GDP growth exceeds forecast, the GBP will gain.
• If GDP growth disappoints, the GBP will fall.
Ekaterina Gorbatenko
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The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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