Profit Mongers @ 3:14 AM, Thursday December 22 2011
04:30 UK GDP q/q Revised (+0.5% exp, +0.5% prior, +0.5% to +0.5% range)
Affliated Reports:
UK GDP y/y final (+0.5% exp, +0.5% prior, +0.5% to +0.7% range)
UK Current Account (-6.1B exp, -2.0B prior, -8.4B to -1.0B range)
UK Total Business Investment q/q(-1.4% exp, -1.4% prior, -1.4% to -0.5% range)
UK Total Business Investment y/y(+0.3% exp, +0.3% prior, +0.3% to +1.1% range)
This is the final reading of UK GDP for q3 and all expectations are for it to remain at +0.5%.
As it is the final it does not have much chance of deviating, however in the slight possibility
that it does it would move the market. A +/-0.2 should provide a sufficient enough shock to
move the pound, even possibly just a +/-0.1 as all analysts estimate no change at all, look
at the range for the q/q figure...all analysts predict 0.5%. Volumes are light of course so
some caution is required on this, there could be more slippage than usual.
It it comes out at +0.7% or higher, GBP/USD should rally 40 pips.
If it comes out at +0.3% or lower, GBP/USD should drop 40 pips.
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