UK GDP FIGURES UP AT 0.8%

UK GDP figures have just been released at 0.8%; 0.1% lower than expected.

Markets have already started reacting to this data with rates slightly lower this morning;

GBPEUR- 1.2120

GBPUSD- 1.6797

Though the economy is bouncing back and starting to recover, it seems our economy is growing at a much slower rate compared to what is usually expected of an economy of our size.

To find out how this release affects your currency transactions please contact me directly; prem.raja@currencies4you.com

There is still a lot of data to come out today;

EUR Consumer Confidence- 10am

EUR Economic Confidence- 10am

EUR Industrial Confidence- 10am

GER Consumer price index- 1pm

The above releases could prove to be strong for the Euro, so please contact me if you wish to hedge yourself against any forthcoming data releases which may affect your transaction.