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- GDP and Trade Balance of Great Britain Today! What to expect? – 09.11.2018
GDP and Trade Balance of Great Britain Today! What to expect? - 09.11.2018
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Loading...11:30 UK - GDP
11:30 UK - Trade Balance
11:30 UK - Production Index
Expectations:
It seems that today's minutes before noon will be tense in terms of GBP and UKX. At 11:30 we expect a lot of economic data from the island, the most important of which traders will follow very closely are GDP, trade balance and production PMI.
GDP - In terms of growth, it is generally expected to see slight growth to 1.5% from 1.2% over the previous year. The growth indicator will be the most weighty among others if we assume that there are no extreme values. Looking back on the growth chart, it is clear that the 1.5% predictions are difficult to achieve, suggesting that you will probably see worse ones.> GBP Short the idea is more appropriate.
Trade Balance - The country's trade deficit is expected to grow to -11.4bn. pounds of 11.20 billion. earlier in September. Given the complicated situation around Brexit Deal, the overall expectation is that there will be no surprises in the upward direction. If expectations are confirmed, we will have one more GBP short positioning criterion.
The production index has prospects for growth to 0.1% from -0.2% in September. Traders will focus their attention more on GDP and Trade Balance, while the production index will play the role of a balance at 11:30 today.
Trader Petar Milanov Read more:
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