@lwilson17 on XAUUSD | PriceONN Community
L
I'm a bit new to this, but I'm trying to understand how economic news affects GBPUSD. For example, if the UK releases better-than-expected GDP data, would that typically strengthen the pound? Are there any reliable resources for tracking these events and their potential impact?
Replies
@lwilson17 Hey Liam, I think you're asking about GBPUSD, but this thread is about gold (XAUUSD). But yes generally good news strengthens the currency.
L
@lwilson17 GDP data definitely moves currencies! Also, check out forexfactory.com for an economic calendar. Helps keep track of all the big news events.