Release Time: 04:30 New York time (EST)
Primary currency pair: GBP/USD
LT1 (Lower Trigger 1): -0.1 [SELL]
UT1 (Upper Trigger 1): +0.1 [BUY]
If GB GDP (Q/Q) comes out at 0.2 or less ( -0.1 trigger), GBP/USD should go down by about 25 pips. If it comes out at 0.4 or better ( +0.1 trigger), GBP/USD should go up by about 20 pips.
There are 37 estimates. Median and average estimates are 0.3%. They is one estimate at 0.2% and 36 estimates at 0.3%. One standard deviation is 0.02%.
Please note this is Second Estimate and we hardly ever see even 0.1 deviation on this edition.
When you use our calendar page to use our charts, if you click on the GB GDP (Q/Q) (2nd Estimate - R), you will get a history of only 2nd releases. If you wish to check the 1st release (known as Preliminary) or 3rd release (known as Final), you can click on Find button located on the left above the calendar table, then select GB Great Britain and then select the type of report you want to check.
It's a good change because the price action will depend a lot based on the release version. For instance, GB GDP (Q/Q) (1st - Preliminary - A) is highly tradable.