Hello,
I have a question regarding the recent UK trade balance price action.
consensus: -6600
actual:-6291
DIFFERENCE: +309
previous number: -6316
revision: -6933
DIFFERENCE: -617
309-617= -308 according to this number the gbp/usd should have moved
down. But it spiked up and after a retracement it continued to go up.
Why didn't the market care about the revision? Is it a general thing
that the market does not care about the trade balance revision?
Thanks,
Herringtrader
I have a question regarding the recent UK trade balance price action.
consensus: -6600
actual:-6291
DIFFERENCE: +309
previous number: -6316
revision: -6933
DIFFERENCE: -617
309-617= -308 according to this number the gbp/usd should have moved
down. But it spiked up and after a retracement it continued to go up.
Why didn't the market care about the revision? Is it a general thing
that the market does not care about the trade balance revision?
Thanks,
Herringtrader