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Trader, analyst and instructor with a 6-year experience

GBP volatile on UK GDP

UK Q3 GDP increased in line with forecasts by 0.8% q/q (prior: +0.7%) and 1.5% y/y (forecast: +1.3%). The Office for National Statistics said there had been a "fairly strong" performance across all sectors. Services, production and manufacturing, construction and agriculture sectors all expanded for a second consecutive quarter. Chancellor of the Exchequer George Osborne said on Twitter: "This shows that Britain's hard work is paying off and the country is on the path to prosperity."

GBP/USD made a 60 pips swing up and down and stabilzed around the middle of the trading range around $1.6210. 

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