By Alex Ellis

On Friday of this week at 09:30, the revised GDP figure for the U.k. will be released by the Office of National Statistics. During January the poor weather experienced caused poor retail figures, as well as a low number of mortgage approvals; which shows the poor health of the housing market, therefore the chances are that the GDP figure could be massively affected. If the GDP figure is released worse than expected then the chances are Sterling exchange rates will fall as the general trend is that this is a negative for the currency.

For those looking to trade Euros the chances are that this figure will affect the currency market and dependent on how the figure is released will determine what course the exchange rates take.