Market insights

US GDP Out Today - MI250424

Just after lunch today we see the US release their preliminary GDP number. Analysts are expecting quarter one growth of 2.5%.

That's the headline that traders will be discussing today.

Other news stories to focus on in the next 24 hours include a consumer confidence reading from the UK and the Bank of Japan interest rate decision in the early hours of Friday.

For the latter economists are predicting a further 0.1% hike to 0.1%. This had a big effect on the Japanese Yen last month.

From a GBP point of view the Pound continues its recovery against most major currencies in what looks to be technical trading.

Business news looks at the figures reported by Sainsburys earlier today where strong food sales have pushed their profits.

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Economic calendar

US: 13:30 GDP Report

UK: Friday 00:01 Gfk Consumer Confidence

JPN: Friday 00:30 BoJ Interest Rate Decision

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