It should be an interesting day for markets on Wednesday, with the UK releasing data on second quarter growth this morning, the US Federal Reserve announcing its latest decision this evening and crude inventory data being released after API reported a substantial reduction. Will UK Get Summery Boost in GDP Data? Data this morning is expected to show growth in the second quarter in the UK improved slightly from the first but remained mediocre, as the consumer squeeze continues to take its toll. Markets are expecting growth of 0.3% in the quarter but I do wonder whether the warmer weather in the quarter and the spike ... (full story)