GDP figures key this week – Euro weakness today following general concerns and poor PMI data this morning

The Pound has had a mixed start to the week so far, Making gains against the Euro, Australian Dollar and a host of other currencies whilst dropping against the Dollar, Yen and Swiss Franc.

It is a mixed market at the moment and really hard to call, GDP ( Gross Domestic Product) figures are key this week and we see this data out for Germany tomorrow morning, the U.K on Wednesday and the States on Thursday afternoon. GDP measures how much an economy has grown or shrunk over a period of time. These particular releases are revisions from the first quarter of 2011, and any changes to what has been predicted or was released originally could well lead to a lot of volatility.

Certainly worth keeping a close eye on the three and it sets us up to have an interesting week, we also have public sector net borrowing out for the U.K tomorrow morning at 09:30am which is bound to give us some talking points… watch this space for the effects that the releases do have.

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