By Alex Ellis

Sterling exchange rates are looking especially weak this morning and this could be a sure sign that the market is anticipating Sterling losses tomorrow however as is always the case with data releases such as these they are very difficult to predict and there is always the possibility that the market may go the other way. If the GDP figure is released worse than expected then this will further the possibility that the Bank of England will further its Quantitative Easing scheme. In the past this has caused Sterling weakness so there is every chance that this will happen again if the BoE choose to adopt this approach.

For those looking to conduct any form of currency purchase the market remains especially volatile, and it seems it may remain this way until some form of balance is obtained in the world economies.