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This morning in London: The FTSE 100 is currently up two points at 6550.
FX and commodities: GBP/USD is up one pip at $1.6078, EUR/USD is down eight pips at $1.3517 and USD/JPY is up 54 pips at ¥98.97. Brent crude is down two cents at $108.27 and gold is trading at $1332, down $2.50.
Stocks: Following yesterday’s news from Punch Taverns, Mitchells & Butlers has today confirmed it expects to meet full-year targets. Both TUI Travel and Thomas Cook have also made encouraging statements, as they see the UK market surge following a raft of summer 2014 bookings.
The day ahead: It will be hard for the market to look anywhere else but the economic data that is being issued today. Both the UK and US are stating final quarterly GDP figures, and the US is also updating its current unemployment claims figures. How much these US figures will be an indicator of likely Fed action is debatable, but the markets will probably move on any variation from the expected reports.
All figures correct at 8.15am. All times London time.