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  • UK Gross Domestic Product: Preliminary Estimate, Q1 2012

    From ons.gov.uk

    Read Full Story at ons.gov.uk

    •The chained volume measure of GDP decreased by 0.2 per cent in Q1 2012 •Output of the production industries decreased by 0.4 per cent in Q1 2012, following a decrease of 1.3 per cent in the previous quarter •Construction sector output decreased by 3.0 per cent in Q1 2012, following a decrease of 0.2 per cent in the previous quarter •Output of the service industries increased by 0.1 per cent in Q1 2012, following a decrease of 0.1 per cent in the previous quarter •GDP in volume terms is flat in Q1 2012, when compared with Q1 2011

    • Guest

      IP XX.XXX.232.5
    • just cannot be right, in the real world things are so much better

    • PopatJunk

      60 posts
    • so Officially UK is in Recession!

    • skyboys007
      skyboys007's Avatar

      417 posts
    • Quoting Senyor
      am long on on pound against USD
      Why u long?

    • eqshack
      eqshack's Avatar

        1,003 posts
    • cuz he wants to lose some money.lol

    • Guest

      IP X.XX.191.233
    • all sell GBP now

    • skyboys007
      skyboys007's Avatar

      417 posts
    • Quoting eqshack
      cuz he wants to lose some money.lol
      Its time to drop.

    • eqshack
      eqshack's Avatar

        1,003 posts
    • i know.lol im short from yesterday hight

    • skyboys007
      skyboys007's Avatar

      417 posts
    • How far it could go?Cause its bad but improve than the last month.So question arise.

    • eqshack
      eqshack's Avatar

        1,003 posts
    • Dunno.Depends what EU going to do.. I guess we gonna see 1.5991 if it breaks then 1.5912-16

      but first we might see bounce back to 1.6115-28 and then fall again .but who knows lol

    • Guest

      IP XXX.XX.8.91
    • till when gbp fall? :'(

    • kawser
      kawser's Avatar

      211 posts
    • Yes UK is in Recession now technically.

    • sureshort

      46 posts
    • no it will recover soon.... a drop to 1.6076 and then back to the top.

    • explorer101

      358 posts
    • well, it just drop that much..as low as 6075.. but will rise to 6200!

    • eqshack
      eqshack's Avatar

        1,003 posts
    • Quoting explorer101
      well, it just drop that much..as low as 6075.. but will rise to 6200!
      lol why 6200 ? it didnt go thru 1.6168 xD and now it should go to 6200?lolol..i bet its going to 1.7 today..
      Hahhaa

    • explorer101

      358 posts
    • Quoting kawser
      Yes UK is in Recession now technically.
      but the bank of england will just say.. it is only structural, and blahblahblah

    • GDR3k
      GDR3k's Avatar

        1,828 posts
    • Everyone is shorting this now since the UK is officially in a recession again, watch it rise and clear out everyones longs...

    • Jj1459
      Jj1459's Avatar

      293 posts
    • So when will UK be able to recover?Normally it takes years.

    • Guest

      IP XX.XXX.144.98
    • If FED says QE3 then Gbp will go up. If FED says nothing then Gbp will remain the same. BoE is not going to say anything at next rate meeting because inflation is still higher than expected - although Melvyn King is soon to retire and may therefore feel that he no longer needs to be too careful about voicing opinions. If the euro droops then big players may buy it up with dollars, so Gbp should go up again in that scenario.

    • str8bullish

      187 posts
    • Quoting Jj1459
      So when will UK be able to recover?Normally it takes years.
      The BoE has to inject massive liquidity to banks plus they must cut rate to 0.25% to stimulate loans to companies and individuals. The government must cut taxes to attract foreign investors/company and cut spending...

    • str8bullish

      187 posts
    • Quoting Guest
      If FED says QE3 then Gbp will go up. If FED says nothing then Gbp will remain the same. BoE is not going to say anything at next rate meeting because inflation is still higher than expected - although Melvyn King is soon to retire and may therefore feel that he no longer needs to be too careful about voicing opinions. If the euro droops then big players may buy it up with dollars, so Gbp should go up again in that scenario.
      The BoE has little choice but to expand their assets purchase program and help banks recapitalize. Their forecast on inflation shows that it will drop so they should get ready to cut rate

    • Guest

      IP XX.XX.94.6
    • something wrong correlation not working eurousd-gbpusd
      euro down gbp up or MANIPULATION is wat working

    • Guest

      IP XXX.XX.16.128
    • Quoting Guest
      something wrong correlation not working eurousd-gbpusd
      euro down gbp up or MANIPULATION is wat working
      really? that is very bizarre. Somebody needs to write a letter to their local congressman explaining how these pairs are not correlated, and have them fix that right away. I hope this is not hurting your ability to predict which way the market will go, otherwise how are you going to make allot of money? oh boy, this is horrible

    • Guest

      IP X.XX.191.233
    • i seriously dont understand, how can the GBP rise with such a horrible gdp figure?

    • PQH.invest

      18 posts
    • I cannot understand too. Can someone explain this?

      Thanks.

    • Guest

      IP XX.XX.94.6
    • why dont they rise cable one way to 1.65 and save us time. Manipulation cant be better!!!!!!

    • Guest

      IP XX.XX.94.6
    • Fomc say nothing qe, BB repeat same "IF" economy weaken and market repeat same history in manipulating his words- disgusting market
      long term positions are best executed in those days market conditions, sell euro 1.3255 TP 1.3000 SL 1.35, sell cable 1.62 TP 1.60 SL 1.65 and let market do whatever it want, u will see it back to 1.30 one day before 1.35, and 1.60 before 1.65
      I trade long term and some mid-term with winning streak and less stress.

    • traider

        700 posts
    • Quoting PQH.invest
      I cannot understand too. Can someone explain this?

      Thanks.
      Its in the candles.

    • PQH.invest

      18 posts
    • Maybe the rise of cable is due to the triggering of massive stop-loss orders that GBP sellers put yesterday.

    • explorer101

      358 posts
    • Quoting Guest
      Fomc say nothing qe, BB repeat same "IF" economy weaken and market repeat same history in manipulating his words- disgusting market
      long term positions are best executed in those days market conditions, sell euro 1.3255 TP 1.3000 SL 1.35, sell cable 1.62 TP 1.60 SL 1.65 and let market do whatever it want, u will see it back to 1.30 one day before 1.35, and 1.60 before 1.65
      I trade long term and some mid-term with winning streak and less stress.
      Good for you..

      am more on short time trading... scalping is my mode. because if i just trade with news and blahblahblahs... if fools us all.

    • explorer101

      358 posts
    • Quoting PQH.invest
      Maybe the rise of cable is due to the triggering of massive stop-loss orders that GBP sellers put yesterday.
      it sounds logical ..and one more... it is much supported by the buyers of sterling from EuroGBP pair.

    • traider

        700 posts
    • Looking at my candles, there was quite a fight underway with the longs putting up a good battle. The shorts were pretty messy...no patterns but when the long doji failed, it was clear this was going to be a protracted battle with no clear direction. The shorts got in a quick 10 pip dip but the long breakout is holding. Still looks messy however.

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