UK GDP Data

July result made GBPUSD quite explosive approaching news period as shown in the attached chart. If you traded this news last month, then odds are your straddle. I don't understand what is the situation on this day to create a volatility.

June's end result was better. It caused a wonderful consolidation after which a great 30 pips upsurge.

May end result was not as pronounced. It did not result in any surge but a steady and slow trend. .

I am not satisfied with the historical charts. It indies a possibility of loss or a heart attack not understanding what is going on in UK. BTW. The GDP outcomes were largely horizontal. Consensus proved rather accurate deviating no more than 0.2 - so anticipate not much activity. Understand that GDP data is merely a summary of different numbers like housing, motor earnings, employments etc.. All these are already reported and factored in days beforehand. Unless the GDP statistician miscalculated actions/expectations should be muted.

Recommended Strategy: Stay away; there are more worthy news to exchange. In case you have the courage, or just trade-the-news-hungry, thengo for it.