| 4:30pm | GBP | Prelim GDP q/q |  | -0.4% | 0.2% | -0.6%  |  | |
| 4:30pm | GBP | BBA Mortgage Approvals | | 42.1K | 39.7K | 40.8K |
4:30am (NY Time) UK GDP q/q Forecast 0.2% Previous -0.6%
ACTION: (GBP/USD) BUY 0.4% SELL -0.1%
We’ll be trading the Prelim GDP q/q, which is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.” GDP is the basically direct measure of the economy’s health, and a stronger GDP means that the central bank will more likely to raise to curb inflation.
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