British Preliminary Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 8:30 GMT. Indicator Background Second Estimate GDP follows Preliminary GDP, which was released in late July. In Q1, Second Estimate GDP posted a gain of 0.3%, which matched the forecast. The markets have done an excellent job of forecasting this key indicator, as the past four releases have matched the estimates. GDP is expected to rise a respectable 0.6% for Q2. Will the indicator meet or beat this prediction? Sentiments and levels The pound enjoyed another strong week at the expense of the US dollar, as UK employment and  retail sales data looked  sharp.  Will the pair’s upward rally continue? US employment numbers have looked solid and this is bound to increase speculation about QE tapering, which would be bullish for the dollar. The FOMC  minutes didn’t say much, but the dollar still got a boost. So, the overall sentiment is  neutral on GBP/USD towards this release. Technical levels, from top to bottom: 1.5832, 1.5752, 1.5648, 1.5550, 1.5484, and 1.5350. 5 Scenarios Within expectations:  0.4% to 0.8%. 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 push the pair above one resistance line. Well above  expectations: Above 1.2%: A surge in the reading would likely  boost the pound, and the pair could break a second line of resistance as a result. Below expectations: 0.0% to 0.4%: In this scenario, GBP/USD could drop below one support level. Well below  expectations: Below 0.0%. A  decline in GDP  would likely hurt the  pound, and the pair could fall 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 Euro-zone PMIs exceed expectations, but EUR/USD hesitates Yohay Elam 9 years British Preliminary Gross Domestic Product (GDP) is a key release and is published each quarter. GDP measures production and growth of the economy, and is considered by analysts as one the most important indicators of economic activity. A reading which is better than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Friday at 8:30 GMT. Indicator Background Second Estimate GDP follows Preliminary GDP, which was released in late July. In Q1, Second Estimate GDP posted a gain of 0.3%, which matched the forecast. The markets have done… 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.