Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

How to trade pound after UK GDP?

How to trade pound after UK GDP?

Updated

The UK will report its GDP on February 12 at 9:00 MT time. Let’s get ready for this release.

What will happen?

The gross domestic product indicator (GDP) is the broadest measure of economic activity and the primary gauge of the economy's health. There are 2 types of GDP releases: preliminary and final. A preliminary report is the earliest and thus tends to have the most impact. This Friday, the UK will publish preliminary GDP. UK GDP rose by 16% in the third quarter of 2020 after a record 18.8% drop in the previous three-month period. Notably, this was the highest increase since 1955. However, the level of UK GDP is still well below its pre-pandemic levels. Will the GDP report again surprise investors with upbeat data?

How to trade on the UK GDP?

  • If the GDP beats the forecast, the GBP rises.
  • If the GDP comes lower than expected, the GBP falls.

Instruments to trade: GBP/USD, EUR/GBP, GBP/JPY

Check the economic calendar 

2gbp.jpg

LOG IN

Deposit with your local payment systems

Feel the Team Spirit

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com