All eyes on UK GDP....are we in a recession or not?

Cable has been very choppy this morning with volume only picking up on the European open, after a lacklustre Asian session. If Q1 GDP comes out negative for another quarter....we are technically in a recession. This will create some volatility depending on the number. However, with resounding fears from the Eurozone and FOMC statement tonight, it's a good time to sit and your hands and wait what happens. As Deutsche Bank stated in my last post, currencies will soon start trending aggressively very soon.