Friday, 24 July 2009

Sterling makes small gains ahead of GDP figures

This morning and overnight has seen Sterling make minor gains against most major currencies ahead of key Gross Domestic Product figures due to be released at 09:30am this morning.

The GDP is a key indicator as to how the U.K economy is fairing and could lead to volatility for the Pound should the figure come out either better or worse than expected. Month on month analysts are expecting -0.3% so any change could lead to market movement.

We have also seen some further corporate profits announced and the FTSE shift in the right direction once again which can only lead to further confidence in the Pound one would imagine.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me

www.currencies.co.uk


Have a great day and thanks for reading!

Daniel Wright

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