Dear Subscriber, Please find below today's news flash which gives you an insight into the current market conditions, enabling you to keep informed and up to date on the latest currency movements. GBPEUR/GBPUSD The Pound has declined significantly this morning, as the market absorbs the news that the UK economy contracted in the first quarter by 0.2% in the preliminary figures released this morning. The -0.2% result has come as a major shock with the market anticipating modest growth of 0.1% following the recent good run of economic data on services and manufacturing. The sharp decline in construction has contributed to the contraction and the UK economy is now officially in a technical recession following two consecutive quarters of negative growth. The kneejerk reaction to the data has seen the Pound weaken sharply against all of the 16 most actively traded currencies and Sterling may struggle to find support with investors likely to flee UK-denominated assets. If you need any further assistance, or require a live dealing quote - please do not hesitate to contact me on 01736 335250 or send an email to info@torfx.com Regards,
TorFX Any opinions expressed in this document are those of TorFX analysts. Any analysis and/or forecasts provided are aimed at helping clients understand market conditions and developing trends. Clients are wholly responsible for their own trading decisions. Unauthorised copying or re-wording of this content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright. Market Analysis by Adam Solomon | 
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