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Today is quite an important day for Cable traders, with the release of a host of important economic data all at the same time during morning trading.
It would be surprising if the market didn’t get some extra volatility right after the data release. Of all the data, the one that’s probably going to get the most market attention is the GDP figure for November. Manufacturing Production will be taking second place.
Now that the UK seems pretty firm on the road to leaving the EU, the general uncertainty from the last couple of months seems like a fading memory.
Nevertheless, the data is still relevant for forming market expectations. And there are some important things to keep in mind when it comes to the data about to be released!
Less Optimistic Outlook for GDP
The data coming out includes the monthly GDP growth figures for November. This, we must remember, was the month before the Ge...
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