GBP GDP - April 29th 2014


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Data coming up in around 20 minutes showing a consensus of +0.5% YoY on previous. While UK is doing rather better than most of its European contemporaries, and quite well within the G8 as well, that seems a little like the upper end of the upper bound.

Even if it does come in at consensus (3.2%) will the market have already factored that in and potentially be disappointed it hasn't exceeded their expectations?

Presumably if it does exceed or miss the consensus datum that will cause a buying spree/sell off respectively on GBP?

I'm not intending to trade the news as I don't see that ever being anything other than a 'house wins' scenario.
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