The Pound has made minor gains against the majority of majors this morning, following GDP figures coming out slightly better than expected at 1% growth compared to the forecast of 0.9%.

Again although the Olympics may be partly down to this it does suggest the U.K is still creeping in the right direction and that initial GDP figures released last moth were virtually spot on.

The Greek agreement did not dent rates for GBP-EUR too much which is good news for those looking to buy Euros and maybe suggests that rates may start to creep back up again towards the 1.25 level.. Of course who knows what is around the corner though in this current climate.