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By Myles Birkett

We will see the release of US GDP figures today. With recent data sets causing excessive movement on the cable I expect much of the same today. The release is at 1:30 today and is expected to increase by 0.5% from 1.7% in Q2, movement such as this will no doubt see further volatility for GBP/USD rates today. Sterling saw gains of over 1% against the dollar yesterday alone, if GDP figures are anything but what is expected, further movement will happen.

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By Myles Birkett

Data releases, as of late, between the UK and the US have seen the cable have some adverse movement, where historically these releases may not have caused such volatility. On both sides of the pond talk of further austerity measures to kick start the economy have been the main market mover. Quantitative Easing being the prospect for the UK and USA for coming months, but with UK GDP figures coming out on Tuesday much better than expected, the prospect of QE in the UK is looking less likely. I believe unless the US sees a raft of positive data over the coming weeks the prospect of QE may become reality sooner than expected, seeing the value of the dollar decrease significantly against a recovering pound leading toward Christmas.

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By Myles Birkett

US GDP figures were slightly under what was fore casted by many yesterday, this might not show the full picture. They did actually have a growth of 0.1%, which would explain yesterdays afternoon of strength against many currencies. As the dollar is retracing its losses against the Pound and Euro this week, it might be worth filling in the form below to discuss your requirement.

By Myles Birkett

With Quantitative Easing upon the horizon expect fluctuations in currencies across the board. Interest rates for the US cant go much lower so it seems this might be the only viable option. These fluctuations not working in favour of the dollar, if anything seriously weakening it further than we have seen over the past year. All indications pointing that we are on the incline of the double dip and teetering toward the edge, this being widely feared because of the  global position of many economies at present.

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By Myles Birkett

At 13:30pm, UK time, various employment data is being released from the US and with data as of late not being too confident, I’m not expecting dramatic results in favour of Dollar strength.

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