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Today could prove to be a volatile day for Sterling with the ONS (Office for National Statistics) releasing their revised 3rd Quarter GDP figures for the UK. With the previous estimate released showing a 0.4% contraction, showing the UK still in recession, all eyes will now be on the figures released today to see if the previous estimate was accurate.

Potentially we could see the figures come out worse than previously, and in turn this may be harmful for the Pound, but similarly if the figures are revised up then some support may be leant to Sterling this morning. Either way, we could be in for some large movements during the morning session. If you don’t want to risk which way the markets may move, get in touch with one of our brokers today who can help you eliminate the risk.