Tuesday, 26 January 2010

Sterling makes minor gains ahead of eagerly awaited GDP figures - U.K to come out of recession???

Sterling has made minor gains in early morning trading ahead of the eagerly awaited GDP figures released at 09:30am this morning.

Expected is growth of 0.4% but we all know the markets are there to surprise us.

Although we had poor weather in December and retail sales were pretty dire much of the other data for the U.K was is actually looking a lot better.

I am going to stick my neck out and predict worse than expected which could lead to losses for the Pound even if we are out of a recession, however to be honest it really is a coin toss as to how figures will come out.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website


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Daniel Wright

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[09:07:23] Chris Knights:

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