British GDP, published each quarter, measures the production and growth of the UK economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background British Second Estimate GDP is released after Preliminary GDP. Although the Preliminary release has the most impact, Second Estimate GDP should also be treated as a market-mover and any unexpected reading could quickly affect the movement of GBP/USD. The indicator has looked sharp in recent releases, reflecting strong growth by the British economy. The Q3 release came in at 0.8%, matching the forecast. The markets are not expecting any dramatic changes in Q4, with the estimate standing at 0.7%, thus confirming the first estimate. Sentiments and levels The pound hit some turbulence last week but still remains at high levels. Inflation is within the BOE’s 2.0% target, and there is increasing speculation that the Bank may have to consider a rate hike in the near future. Over in the US, recent releases have missed expectations, but market sentiment remains upbeat and QE tapering is expected to continue, which would be a vote of confidence from the Federal Reserve. So, the overall sentiment is neutral on GBP/USD towards this release. Technical levels, from top to bottom: 1.7180, 1.6990, 1.6705, 1.66, 1.6475 and 1.6343. 5 Scenarios Within expectations: 0.5% to 0.9%. In such a scenario, GBP/USD is likely to rise within range, with a small chance of breaking higher. Above expectations: 0.9% to 1.2%: An unexpected higher reading can send the pair above one resistance line. Well above expectations: Above 1.2%: A surge in GDP would push GBP/USD downwards, and a second resistance line might be broken as a result. Below expectations: 0.1% to 0.4%: A lower GDP figure than predicted could cause the pair to climb and drop below one support level. Well below expectations: Below 0.1%. A reading of zero or in negative territory could result in GBP/USD breaking below a second level of support. For more on the pound, see the GBP/USD forecast. To follow this event live: [do action=”calendar-event” eventid=”cafae3e0-3d9a-43f4-876c-ec7490465d3e”/] Kenny Fisher Kenny Fisher Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer. Kenny's Google Profile View All Post By Kenny Fisher Opinions share Read Next The troubles in China FxPro - Forex Broker 8 years British GDP, published each quarter, measures the production and growth of the UK economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Wednesday at 9:30 GMT. Indicator Background British Second Estimate GDP is released after Preliminary GDP. Although the Preliminary release has the most impact, Second Estimate GDP should also be treated as a market-mover and any unexpected reading could quickly affect the movement of GBP/USD. The indicator has looked… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.