The past week has been a volatile one on the forex markets as the UK, US and Eurozone have all taken turns in the spotlight. We started out with news from the continent, as Greece continued to squabble with its creditors who refused to relax their repayment terms.
Attention shifted to the UK on Tuesday, as the first estimate of Q1 GDP was published. Despite expectations of a +0.5% reading, it came in at a disappointing +0.3%, which immediately harmed the Pound across the board, though losses against some currencies were recouped.
Read the rest of the article Looming Election and GDP Figures Weigh on Sterling