UK 2nd Quarter Prelim GDP Analysis & Video 07/23/10

UK

UK quarterly GDP release is always a high impact report. With this being the Prelim release, or the first release of three, we are likely to see more market participation. Here is the forecast number:

UK Prelim GDP q/q Forecast 0.6% Previous 0.3%
ACTION: (GBP/USD) BUY 0.8% SELL 0.3%