# GBP/USD: Trading the U.K. GDP Report (April 25, 2013) Source: https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/ Language: en Updated: 2013-04-25 Description: Explore GBP/USD: Trading the U.K. GDP Report (April 25, 2013). On. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. On its 1-hour time frame, GBP/USD is testing the falling trend line connecting its recent highs from the second week of April. On top of that, the pair is also stalling around the 1.5300 major psychological level. Perhaps the release of the U.K. GDP report for Q1 2013 will be the biggest market catalyst for today as this could send GBP/USD above the trend line or all the way back down to 1.5000. The report would confirm if the U.K. entered another technical recession for the third time in five years if it comes in negative. Analysts are expecting a 0.1% uptick to follow the 0.3% drop in Q4 2012, but the odds are tilted to the downside as the cold weather in January and March might’ve taken off a huge chunk of growth. ![GBP/USD: Trading the U.K. GDP Report (April 25, 2013)] A straddle play could be your setup if you’re not biased in any direction and would just rather catch the overall momentum. The pair could make a strong break below the 1.5300 handle if the report misses expectations or it could rally above the 1.5350 minor psychological resistance if it comes in strong. This report typically triggers a lot of volatility for the pound, so it make sense to have a wide enough stop of at least 50 pips to give the trade enough breathing room. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/", "headline": "GBP/USD: Trading the U.K. GDP Report (April 25, 2013)", "inLanguage": "en", "datePublished": "2013-04-25T16:02:59+00:00", "dateModified": "2013-04-25T16:02:59+00:00", "articleSection": "Market Info", "description": "Explore GBP/USD: Trading the U.K. GDP Report (April 25, 2013). On. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/channel/UChRC072YJGlNNNYhg_0hZeA", "https://www.facebook.com/tradersway.forex.broker", "https://twitter.com/TradersWay", "https://www.instagram.com/traderswayforex/", "https://t.me/tw_eng" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "GBP/USD: Trading the U.K. GDP Report (April 25, 2013)", "item": "https://www.tradersway.com/resources/market-info/gbp-usd-trading-the-u-k-gdp-report-april-25-2013/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```