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Sterling has had a strong start to the morning in anticipation of this mornings GDP data due for release at 09:30. Figures are expected to show 0.3% growth from last month bringing official UK GDP figures to 0.6% any deviation from this figure however is likely to cause large movements for both these pairings. I would expect heavy losses should figures be anything less than 0.3% and the reverse if figures are stronger. For those that are risk averse it may well be worth arranging your transfer prior to 09:30.