Friday, August 15, 2014

There`s growth in the UK economy!

The second GDP estimate remained the same as the first at 0.8%. This has led to the revised expansion of the economy for 2014. According to Reuters, this has been the best performance in more than six years.

The full report can be obtained here.

This further strengthens my GBP/JPY long position. I had an instant 50 pip gain at the moment the data was out.

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