Last Thursday, April 24th was the much awaited preliminary GDP numbers for Q1 2013 for the U.K.
After two consecutive quarters of negative growth, there was great expectation and anticipation in this number.
We felt that it was a market mover and place a spot trade at 1.5288 with a stop loss at 1.5258.
When the data came out positive 0.3%, the pound shot up to 1.5408 in 3 seconds!
We square the position at 1.5470 for a whopping 182bps trading profit or 1.19%.
The Panthenon Investment Group 