UK Third-Quarter GDP

On Friday we will get a look at third-quarter GDP out of the UK. Economists expected third-quarter GDP to increase by 0.7% quarter-over-quarter and 3.0% year-over-year. Should expectations be confirmed it would mark a slowdown from the 0.7% and 3.2% reported in the previous GDP report which could send the British Pound initially lower, but if the underlying data shows strength I would not be surprised to see a higher GBP once the trading sessions closes. Either way I expect a lot of movement with plenty of great trading opportunities; short as well as long.