Pound Sterling Forecast

Tomorrow will be important for those of you tracking the strength of the Euro against Sterlnig as we see not only GDP (Gross Domestic Product) figures, Retail Sales figures and also the interest rate decision by the ECB (European Central Bank).

All three may lead to Euro volatility, GDP and retail sales are both out at 10:00am followed by the rate decision due at 12:45pm.

Personally I would be surprised to see a rate hike in the Euro Zone as they are still carrying some pretty weak economies under their wing and this could really damage them going forward.

Either way it is certainly set to be an interesting day and personally I think the Euro may suffer slightly as they are very good at sweeping things under the carpet and I feel they are further back than they appear in their recovery.

Keep your eyes peeled on www.poundsterlingforecast.com for news on what happens during a reasonably quiet day for the Pound.

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