What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? January 27^th at 4:30am Eastern Time.

Trading Tip: If the actual higher is lower than the forecast, you can expect the GBP to rise.

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On Friday, the EUR/USD pair continued downward as nervousness on the market persisted.

During the weekend, the Greek election took place and as expected, Syriza party won. The pair declined and again tested to break through. However, the pair lost the momentum and bounced back up.

At 9:00am GMT the German Ifo Business Climate will be released and is expected to show the highest figure since July 2014. If the reading disappoints the pair may test the support third time. The movement is sideways.

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