4:30am (NY Time) UK Revised GDP q/q       Forecast 0.3%     Previous 0.3%
ACTION: GBP/USD          BUY 0.5%         SELL -0.1%

We’ll be focusing on the Final GDP q/q from UK, which is also known as the 3rd release for the quarterly GDP of Q4 2009; GDP is defined as “the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.”  GDP is the basically the indicator of the economy, and a stronger GDP means that the central bank will more likely raise interest rate as better economy usually brings higher inflationary pressure…