Our trading floor predictions for tomorrow – GDP figures and the high/low against the Euro (Daniel Wright)
I thought it may be interesting to quiz a group of traders on our trading floor regarding their thoughts on what we may see tomorrow for the U.K GDP (Gross Domestic Product) figures and where this may put rates during the day against the Euro.
The general feeling appeared to be growth for the U.K – Only just however, below below are the predictions of the traders we polled – if you fancy making your own prediction then email it to me
[email protected] why not see if you can beat the traders, we may even give away a prize if anyone is spot on!
Personally I feel we may see 0.1% growth as expected just about avoiding recession and that the market will creep up a little but will not absolutely rocket as many people do already expect the U.K to just about tiptoe around the R word.
If we are technically back in a recession you would imagine the Pound may drop considerably so it is key to have protection in place if you are close to budget on your overseas purchase – You can place a stop loss order (setting yourself a worst case scenario to be bought out automatically) or book some of your funds on a forward contract (booking a rate for a date in advance for a small deposit) Email me directly if you want a full explanation on these free contract types or just want assistance and the best exchange rates on any currency transfers. Catch me on [email protected] with a brief explanation of your requirements and a number to call you back on and I will be more than happy to help.
Our predictions – Just goes to show how close this is!
| Dealer | GDP | HIGH/LOW |
| JMW | -0.30% | 1.1684 |
| SPE | 0.40% | 1.218 |
| CAB | 0.20% | 1.195 |
| ATR | 0% | 1.1889 |
| THE | -0.10% | 1.1862 |
| MGV | 0.10% | 1.185 |
| JLL | 0.10% | 1.184 |
| CMG | 0.20% | 1.1837 |
| HJR | 0.10% | 1.1811 |
| BMA | 0.10% | 1.1786 |
| AJB | 0.10% | 1.1765 |
| MTV | 0.10% | 1.1631 |
| ASP | -0.10% | 1.1625 |
| TRH | -0.10% | 1.158 |
| PFH | -0.20% | 1.154 |
| DJW | 0.10% | 1.182 |
| HSE | 0.10% | 1.178 |
How will tomorrow pan out? Email me your prediction [email protected]
2013-04-24 10:07:39
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