# Trading GBP/USD for the US GDP Release (July 31, 2013) Source: https://www.tradersway.com/resources/market-info/trading-gbp-usd-for-the-us-gdp-release-july-31-2013/ Language: en Updated: 2013-07-31 Description: Explore Trading GBP/USD for the US GDP Release (July 31, 2013). GBP. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. GBP/USD retreated from its recent highs during yesterday’s trading, and this may have been a result of profit-taking ahead of today’s major US events. The US Advanced GDP reading is up for release and the economy is expected to have grown by 1.1%, slower than the previous 1.8% expansion. Take note that the Q1 GDP reading was already revised lower from the initial estimate of 2.2%. A weaker than expected reading would therefore be very negative for the dollar as it would remind traders that the economy is still weak and might not survive with less stimulus. ![Trading GBP/USD for the US GDP Release (July 31, 2013)] GBP/USD seems to be finding support at the 38.2% Fib, which is in line with an area of interest and the 1.5200 major psychological level. A bounce could take the pair up to its recent highs around 1.5400. *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/trading-gbp-usd-for-the-us-gdp-release-july-31-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/trading-gbp-usd-for-the-us-gdp-release-july-31-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/trading-gbp-usd-for-the-us-gdp-release-july-31-2013/", "headline": "Trading GBP/USD for the US GDP Release (July 31, 2013)", "inLanguage": "en", "datePublished": "2013-07-31T11:54:50+00:00", "dateModified": "2013-07-31T11:54:50+00:00", "articleSection": "Market Info", "description": "Explore Trading GBP/USD for the US GDP Release (July 31, 2013). GBP. 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