With a day full of important economic data, markets could be particularly volatile over the announcement of the figures today. Asian markets traded cautiously throughout the night as investors await key pieces of data and events over the next few days. UK Q1 Gross Domestic Product (GDP) kick-starts the day at 09:30 with a better than expected figure potentially boosting GBP/USD towards the $1.7000 milestone. US CB Consumer Confidence will be released this afternoon, forecasted to be reported at 82.9.
Investors will be cautious going into tomorrow’s trading session as the economic calendar is packed full of high importance figures and events, most notably the FOMC statement which begins at 19:00 BST tomorrow, 30 April.