Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaThe UK will report its GDP on February 12 at 9:00 MT time. Let’s get ready for this release.
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?
Instruments to trade: GBP/USD, EUR/GBP, GBP/JPY
