Pound Mixed Ahead Of U.K. Q4 GDP Data
January 27 2015 - 4:26AM
RTTF2
U.K Office for National Statistics will release its preliminary
fourth quarter GDP data at 4:30 am ET Tuesday.The economy is
forecast to expand 0.6 percent sequentially, slower than the 0.7
percent rise in the previous quarter. Annually, GDP is expected to
grow 2.8 percent after the 2.6 percent increase in the previous
quarter.
Ahead of the data, the Pound showed mixed trading against its
major rivals. While the Pound rose against the U.S. dollar and the
Swiss franc, it fell against the Euro. Against the Yen, the Pound
held steady.
As of 4:25 am ET, the Pound was trading at 0.7496 against the
Euro, 1.3724 against the Swiss franc, 1.5092 against the U.S.
dollar and 178.36 against the Yen.
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