Last August 7, UK's Industrial Productions were lower than expectation and far lower than previous month's result - implying a poor UK economy. GBP weakened by 20 pips. 
Last July 6, forecast was 0.4%, official number was 0.3% and previous was -0.6%. Market was disapointed witht he official number (inspite the fact that it was an improvement over the last month) and GBP weakened by 11 PIPS.
Last June 8, forecast was 0.3, official number was -0.6%, and previosu was 0.7% showing a far worse than expected number. GBP weakened by 34 pips!
Today, forecast is 0.2% from the previous -0.1% - analysts were expecting improving UK economy.
Should we were to see a negative production number (-0.1% or lower), I predict the GBP would drop by at least 15 pips; 25 pips if we see -0.3%. But should we see a much positive number >0.5%, I predict it will rise by15 pips only. (PS. USD has strengthen vs GBP this week by 120+ pips...)
Recommendation:
1. Aggresive straddle distance, Conservation TP, conservative Lot.
2. stand aside.
3. Fade this news
Last July 6, forecast was 0.4%, official number was 0.3% and previous was -0.6%. Market was disapointed witht he official number (inspite the fact that it was an improvement over the last month) and GBP weakened by 11 PIPS.
Last June 8, forecast was 0.3, official number was -0.6%, and previosu was 0.7% showing a far worse than expected number. GBP weakened by 34 pips!
Today, forecast is 0.2% from the previous -0.1% - analysts were expecting improving UK economy.
Should we were to see a negative production number (-0.1% or lower), I predict the GBP would drop by at least 15 pips; 25 pips if we see -0.3%. But should we see a much positive number >0.5%, I predict it will rise by15 pips only. (PS. USD has strengthen vs GBP this week by 120+ pips...)
Recommendation:
1. Aggresive straddle distance, Conservation TP, conservative Lot.
2. stand aside.
3. Fade this news
