The UK month on month GDP numbers this morning were slightly below expectation. Analysts had predicted growth of 0.3% however the actual number was 0.1%.
This may have contributed to the sell off seen against the Euro and the Dollar. GBP/USD is looking very poor at the moment as traders favour the Dollar over the Pound.
With little news scheduled for today it's likely the next move could come from the UK employment numbers out at breakfast tomorrow.
Business news headlines continue to be dominated by rising day to day costs which are outstripping any growth in earnings or pensions indicating tougher times ahead for consumers.
As ever we look forward to keeping you in the loop and look out for our next update.
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Today’s Economic Calendar
UK: Tuesday 07:00 Employment Data
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