Webinar: GBP Traders Looking For Positive UK GDP News

Talking Points

- UK assets are in need of some good economic news to keep their recent gains.

- UK Q2 GDP will provide some more clues to the strength of the UK economy, ahead of the US FOMC meeting later in the day.

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In this webinar we will look at the current divergence between weak official data and stronger-than-expected business surveys and how they may impact various UK asset markets. While the first release of UK GDP only involves around 40% of the data, it will be closely watched as UK economic momentum fades going into the second-half of the year.

GBP/USD has climbed back above the 1.3000 level in recent days, but is this more down to USD weakness than GBP strength. A look at EUR/GBP shows that Sterling is not the driver in the upward move in cable.

The IG Sentiment indicator shows that while retail remain short of GBP/USD, they have pared back their positions in recent days. Will the indicator turn bearish from its current mixed reading?

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--- Written by Nick Cawley, Analyst

To contact Nick, email him at nicholas.cawley@ig.com

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