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22 Dec 2014
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Tomorrow’s Revised UK GDP Data in Focus

With the Christmas holiday period fast approaching and a light global macro calendar today, investors in currency markets are likely to remain on the sidelines. Going forward, market participants will eye the final GDP reading in the UK scheduled tomorrow to confirm if the nation’s economic growth remained strong for the third quarter. In the Euro zone, data scheduled later today is anticipated to show an improvement in morale among consumers in the region. Considering the recent upbeat trend in German and Euro zone economic data, any improvement in the region’s confidence is likely to further ease worries among investors. Across the Atlantic, tomorrow’s revised GDP data is expected to show an upward revision for the third quarter.