Back
23 May 2013
Flash: GBP kep data for today - TD Securities
FXstreet.com (London) - Following Sterlings 153 pip loss on yesterdays activity, Alvin Pontoh, FX & Rates Strategy at TD Securities tells us that key data today is the second reading of Q1 GDP.
He said that so far, the market haven’t seen anything that would point to any revisions from the +0.3% initial estimate. He added that he will also be keeping an eye on the index of services for March, after the ONS had pencilled in a pretty large gain for Feb, and he’d like to see how much of that momentum carried through to March and what kind of a hand-off we’re looking at for Q2
He said that so far, the market haven’t seen anything that would point to any revisions from the +0.3% initial estimate. He added that he will also be keeping an eye on the index of services for March, after the ONS had pencilled in a pretty large gain for Feb, and he’d like to see how much of that momentum carried through to March and what kind of a hand-off we’re looking at for Q2