Yes folks it's the data highlight of the morning and focus stays on the perky pound and the first Q1 GDP reading
Expectations generally are for a confirmation that the UK is still making steady progress and outgunning most of the global competition
The latest services PMI data for March showed the biggest gain in over a year to hit 58.9 vs 56.7 in Feb and given the sector's huge contribution to GDP we should expect a decent number. Construction and mftg data is still in the mix but not so influential
Some forecasts are going for +0.7% so that may well be factored in already given recent demand
Nothing really to glean from the price action so far this morning but the pound is enjoying a decent run right now and it will take a real miss on the data to send too many tremors through the market
Election in focus still and one thing we can guarantee is that all parties will feed off this data with polling day just over a week away
GBPUSD currently 1.5232 EURGBP 0.7137 both with decent bids and offers nearby to keep price action fairly well contained (I know if I say that we can be guaranteed absolute carnage!)
As always, bear in the mind the second wave and small print
