UK GDP data headlines the economic
calendar in European trading hours. Consensus forecasts see output
rising 0.3 percent in the third quarter, matching the increase in the
three months to June. UK economic news-flow markedly improved relatively
to analysts’ projections since mid-August however, opening the door for
an upside surprise that might cement November BOE rate hike bets and
boost the British Pound.
Brexit Secretary David Davis is also
scheduled to appear for questioning in the House of Commons. Yesterday’s
appearance by Chancellor Philip Hammond seemed to hint that a bit of
common ground with EU negotiators is emerging. It will be interesting to
see if that extends to the more combative Mr Davis, signaling the
administration is at last coalescing around a single vision.
Today Trades
Buy above
1.3150 stop loss 1.3105
Target 1.3180 and 1.3220 and 1.3275
if UK GDP data did not comes good then
Sell below 1.3130 stop loss 1.3180
Target 1.3085 and 1.3030
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