By Alex Ellis

At 09:30 (AM) this morning the Office of National Statistics release the revised GDP figure for the 4th quarter 2010. The expectation is that this figure will be revised to 0.3%, and figures that are released slightly different to what is expected may raise speculation of a double dipped recession and therefore cause sterling weakness.

However it is worth noting that when this revision was announced previously although the figure released was positive, sterling rates actually dropped which goes against what typically follows a positive release.

To find out more about the impact of this release use currency line in order to contact Foreign Curency Direct, an award winning market leader in the foreign exchange market.