By James Lovick

All eyes on the GDP figures released at 09:30 this morning which could seriously effect sterling exchange rates. The forecast is for an improvement on the last quarter although still in negative territory which is likely to keep the currency at bay.

Personally, with unemployment rising and all the other problems I would be surprised if the figure came in as good as this. If there is a day where the figures could come in well below forecast then this is probably one of them. Expect volatility for both sterling euro exchange rates and sterling dollar. It could be an interesting day!