Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to carefully monitor the UK Prelim GDP figure, scheduled to be released tomorrow, July 25th at 8:30 GMT. Last quarter’s GDP figure showed that the British economy contracted by 0.3%, well below analyst’s predictions. As can be seen in the chart below, the GBP tumbled following the news.
Don’t miss out on another opportunity to capitalize on market volatility!
Analysts are predicting tomorrow’s news to come in at -0.2%, which if true, would signal a further decline in the British economy and could lead to additional losses for sterling during European trading. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
Read more forex news on our forex blog
Forex Market Analysis provided by ForexYard.
© 2006 by FxYard Ltd
Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.