Pound Mixed Ahead Of U.K. GDP Data
July 27 2016 - 12:25AM
RTTF2
At 4:30 am ET Wednesday, the Office for National Statistics is
scheduled to release U.K. quarterly national accounts. The economy
is forecast to grow 0.5 percent sequentially in the second quarter,
faster than the 0.4 percent expansion seen in the previous
quarter.
Ahead of the data, the pound showed mixed trading against its
major rivals. While the pound fell against the euro, it held steady
against the U.S. dollar, the yen and the Swiss franc.
As of 4:25 am ET, the pound was trading at 0.8385 against the
euro, 1.3030 against the Swiss franc, 1.3114 against the U.S.
dollar and 138.37 against the yen.
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