Have fears of a UK recession and banished worries of the same in the US ushered in the next phase of the GBPUSD bear run?
· The first revision of 2Q US GDP crosses the wires far better than expected; but the details don't inspire confidence. · Canadian GDP tops event risk for Friday. Will its be a confirmed recession or US-like rebound?
Stories to watch on DailyFX
· After a few weeks of congestion, speculators seem to have lost sight of the larger trends. See where traders are positioned with the SSI report. · See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section. Send any comments or questions to jkicklighter@dailyfx.com.