Aston Martin�s GBP shifted its gear higher and raced past the new Nissan Skyline JPY and Chevrolet�s Camaro USD in last week�s 5-day endurance tournament. It was still, however, the BMW�s EUR coupe that took the checkered flag from the Aston Martin to finish ahead of the other racers.
The GBP made a crucial mistake during the final lap of the heat staged last Friday when its GDP for the second quarter continued to slide by 0.8% after already falling by 2.4% previously. The consensus was only for a 0.3% contraction. The culprit? Rising unemployment, wage freezes, negative equity, expensive and rationed credit remains to be the sludge in the GBP�s engine. Such resulted to a 0.7% drop in industrial production, 2.2% slide in construction output, and a 0.6% contraction in the service sector.
Monday�s leg will be held not in the UK but in the US. New homes sales in the US for the month of June, which is expected to have risen to 354,000 from 342,000, will be a key driver for Aston Martin�s GBP. A rise in the figure or at least anticipation of such can give GBP a boost.